Challenger banks’ big issue currently is they’re not actually banks and lack the experience to thrive, according to Alior Bank managing director Bruno Ferreira in a research interview with FinTech Global.
The August 2018 reading of 2.73 per cent continues the generally favourable trend in asset retention that we’ve seen over the past year and a half, indicating investor confidence in hedge funds remains high.
Learning from the Silicon Valley ecosystem is still an option, however, future leaders should rather study the business models of challenger banks in Asia and implement an ecosystem mindset for their digital transformation strategy.
The underlying technology, blockchain, was originally developed as a technological solution to support Bitcoin.
Facebook, which has come under intense criticism for sharing user data with many app developers, was interested in information including bank card transactions, checking account balances, and where purchases were made, according to the source.