Cyprus Mail
Letters

FinTech/Mobile banks will soon take over

Some FinTech/Mobile banks are now even starting to offer loans.

It won’t be much longer before you can do anything online that you could do with a bricks-and-mortar bank in the highstreet.

Just look at Germany’s “N26” Bank which offers its services throughout most of the Eurozone, Switzerland and US . They have now reached 5 million customers.

It has a full European banking license, and your bank account is with a German iBAN that is protected for up to €100,000 … and all managed from your mobile phone !!!

CoM

Banks must find new products, speed up processing, CB governor says (updated)



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