FinTech/Mobile banks will soon take over

Some FinTech/Mobile banks are now even starting to offer loans.

It won’t be much longer before you can do anything online that you could do with a bricks-and-mortar bank in the highstreet.

Just look at Germany’s “N26” Bank which offers its services throughout most of the Eurozone, Switzerland and US . They have now reached 5 million customers.

It has a full European banking license, and your bank account is with a German iBAN that is protected for up to €100,000 … and all managed from your mobile phone !!!

CoM

https://cyprus-mail.com/2020/02/14/banks-must-find-new-products-speed-up-processing-cb-governor-says/

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.