Search

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

Updated: May 6


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'.


Click here for full article