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Flash Report (2016/7)

Challenger Banks - The most threatening advantages

Oct. 27, 2016

Banks are getting worried about a new phenomenon on the retail banking market: digital-only or challenger banks. An increasing number of these service providers will soon receive their banking licenses, which puts them into a position to actually compete with traditional players. This flash report analyses areas where digital banks can win over established players’ services and provides recommendation on how banks can build a strong defense against these new, aggressive competitors.

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