What would be a far more interesting statistic would be the number of customers who have no other bank account but the one with the neobank. I would be amazed if this number exceeds one million. In other words, I believe that most people retain their main bank account with a traditional bank. I could be wrong, but if I am not then I don't see the neobanks ever being profitable.
03 Mar 2020 12:14 Read comment
If 20% of UK consumers say that they have a daily banking relationship with a Neobank and one in five millenials say the same, then given that 20% and one in five are mathematically identical, millenials are no different to any other users. So why highlight it?
20 Feb 2020 08:06 Read comment
But my point is that you can insure the other assets, but you cannot insure crypto (at least, as far as I am aware)
18 Feb 2020 20:33 Read comment
There are 180 countries in the world that do not belong to the EU. Does that mean N26 will not be operating in the US, Canada, Australia, New Zealand and other major countries? How are Santander & Sabatell going to cope?
As you say, I suspect that N26 are struggling in the UK and Brexit gives them an excuse to quit.
11 Feb 2020 16:32 Read comment
There are a remarkable number of assets that you can hold besides crypto and gold - think art, classic cars, liquid (whisky, wine, etc). All have the possibility of increasing and decreasing in value, just as currency, crypto and gold. My problem is theft. When crypto is stolen it is gone foreever. I can insure against theft for anything but crypto. As a result, crypto is not on my radar as far as investments go.
11 Feb 2020 09:27 Read comment
Where do you get the statistic 'two-thirds of British adults now use mobile banking'? I can believe that two-thirds of British adults use internet banking, but not mobile.
31 Jan 2020 08:48 Read comment
Why do you open the blog with 'one fifth', a fraction, and then repeatedly use percentages throughout the rest of the article?
24 Jan 2020 17:11 Read comment
To answer the second comment - the regulator will do none of those things. Open Banking is just not that important.
13 Jan 2020 23:11 Read comment
Perhaps I have missed something, but I do not see anything here that explains the benefits to a bank to provide Open Banking. It is common when investing in any new technology to carry out a cost / benefit analysis. The cost is obvious. What are the benefits?
13 Jan 2020 13:33 Read comment
The cost to Square of making the transfer is the same whether it is $10 or $1 million, so why is the transfer charge a percentage of the transfered amount? This is robbery when it comes to large sums.
09 Jan 2020 09:07 Read comment
Richard CarterManaging Director at Equiniti Credit Services
Dave CottinghamManaging Director at Real Consulting Services
Jp NicolsManaging Director at FinTech Forge
Robert McClureManaging Director at Sequrest
Andreas BittnerManaging Director at Bitfast GmbH
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