Big banks and FinTechs - competition or collaboration?
New technology is changing how we do our banking, and the pandemic appears to have accelerated this change. UK banks have closed almost half of the branches in the last 20 years, and the use of cash has declined rapidly.
Some commentators suggest that the future lies with new banks such as Starling and Monzo. They also point to the rise of new business models such as Klarna, Paypal and cryptocurrency.
Does this mean that banks that used to be too big to fail have become too old-fashioned to survive? Or will they adapt and evolve to meet our future banking needs?
Wednesday 16 June 2021
13:00 - 14:00 UK BST