Banking on tech: incumbents and challengers

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Banking on tech: incumbents and challengers
 © CyprusMail 2020
Traditional banks are struggling to keep up with virtual banks like Revolut with no service or transaction fees

 

By Philippe Orphanides

Banks have thrived on high-risk investments and outrageous fees, and newcomers in the sector are effortlessly harnessing technology to mark a new age in the way we transact. Today, Cyprus’ largest banks are pushing for digital transformation, and even if they are clearly communicating about it, their record is still quite slim.

Your coffeeshop tech geek, a proud early adopter of Apple watches,...


This article was automatically added to our system 20-10-2019

Banking on tech: incumbents and challengers


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Article Tags: banking, incumbents, challengers,