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Traditional FIs Need to Launch Digital-Only Standalone Banks to Compete, Citibank Report Says

Tatjana KulkarnibyTatjana Kulkarni
March 29, 2019
in Banking, Payments
Reading Time: 3 mins read
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Challenger banks are posing a real threat to traditional banks. How real of a threat? According to a new Citibank report, the incumbent banks face up to a 30% revenue hit thanks to competition from digital-first banks as well as big tech players like Google, Amazon and Apple, which are slowly making their way into […]

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