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The Sad Demise Of Europe’s Neobanks
Article

The Sad Demise Of Europe’s Neobanks

Forbes, 2020


Editorial Rating

7

Qualities

  • Background
  • Hot Topic
  • Engaging

Recommendation

Start-ups rise and fall, and disrupters are often disrupted. It is no different for the neobanks in Europe, whose vision of a better, more consumer-centric financial experience seems to have come undone. In this informative analysis, financial journalist David Dawkins looks at how the COVID-19 pandemic has thrown cold water on these upstarts’ aspirations, even if their design would appear to lend itself nicely to post-pandemic norms.

Take-Aways

  • Europe’s neobanks had lofty ambitions and a fast rise.
  • The coronavirus pandemic and regulatory realities are challenging the challenger banks.
  • Neobanks are unlikely to threaten the primacy of incumbent banks.

About the Author

David Dawkins is journalist at Forbes magazine.


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