How to: design a Digital-Only-Bank

an excellent long form article compares and contrasts traditional with digital banking, and defines a structure that optimises the digital only strategy. Close to a ten minute read, before pursuing links to other, highly relevant posts.

Comment: a well balanced article, clearly exploring the pro’s and con’s of each side. Best quote from the article: “It will be over-optimistic for Digital Only Banks to believe that disruption will completely decimate traditional incumbent banks”. But we still see such predictions. I thought lazy thinking in Fintech like that died out in 2018 or so. Well, The Corona Crash has killed off many of the less original Fintechs, so that cleansing is welcome. And it should bring some rationality of though to the field.