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FinTech Magazine - COVID-19 has altered business models of banking irreversibly

Updated: Oct 26, 2020


A new report from Marqeta indicates that 96% of European banks have been affected by the pandemic, with 78% stating it will shape their future strategy.


High-profile executives appear to be taking this sentiment onboard; Jeremy Takle and Ben Harvey, both former directors at Barclays, have recently founded the neobank venture Pennyworth in an effort to fix what they consider ‘broken banking'.


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