Ultimately this will lead to parings of FinTech, technology players and incumbent banks. Banks who refuse to partner with these more efficient players will find it effecting their bottom line and speed to market increasingly, and this will be under the microscope of market analysts. It’s the same reason why markets will, over time, start to discount banks who are reliant on branch networks for customer access—simply because challenger banks will consistently demonstrate much cheaper acquisition costs, and thus the ability to scale and take market share in a way that can’t be defended by branch
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