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Banklessness - Bankless banking is coming. And traditional banks have to get ready.



" The explosive evolution of mobile computing, coupled with growing internet penetration, cloud technologies and social media access globally and in India, has led to traditional banks being challenged in their modus operandi and having to embrace technologies of the future. The graphics below, courtesy McKinsey Global Institute (MGI), are reflective of the growing digital penetration in India:....

That said, let’s take the current scenario of banks — for a larger part they are still pushing products to their customers. This leads to a situation where the customer ends up having different relationship managers for the multiple products from the bank e.g. savings account, credit card, auto loan, home loan, car insurance, home insurance, life insurance, investments, trading, etc. " - Read Full Article


Source: medium




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Bankless Banking Is Ready for Its Close-Up-Magazine - financedigest

Bankless banking is coming. And traditional banks have to get ready. - medium

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Fintech growth: Local sector to deliver $4 billion by 2020, research says - afr

" Ripple, which uses cryptocurrency for cross-border payments, is now valued at $10 billion " - CNBC


" Crypto friendly Metropolitan Bank in NYC assets rose to $1.89 Billion fro $1.38 Billion - Financial for Q3 2018 "


" Crypto Business Triples Profits of Two US Banks in 2018. Institutions that are offering their customers premium crypto-focused banking solutions include Metropolitan Bank, Silvergate Bank, Cross River Bank, and Signature Bank."

" JPMorgan Chase Moves to Be First Big U.S. Bank With Its Own Cryptocurrency. " - NY Times


" Major Swiss Online Bank Posts Soaring Profits After Offering Clients Crypto Investing....client assets rose by 20 percent to CHF 25.5 billion ($25.81 billion) as of mid-2018. Net new capital inflows were a solid 60 percent above the previous year, hitting CHF 2.4 billion ($2.43 billion). For the full year, Swissquote is anticipating that income and profits will increase by 15 percent — higher than its earlier target of 10 percent. " - Coin Telegraph

" Crypto May Help Multibillion Cannabis Business Where Banks Can't " - Crypto News

" Big Day for Bitcoin Acceptance: Crypto Welcomed at Multi-Billion-Dollar Pair of Retailers " - News BTC

" Cryptobank in your smartphone - World Bit Bank - The world’s first legal cryptocurrency bank " - wbb.io

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