Is teenage banking the next big thing?

Forbes presents an overview of Teenage banking, focused on the most recent funding round by Step. About a three minute read.

Comment: I was initially skeptical, however the article presents a compelling argument for the legitimacy of this sector. noting the “stickiness” of banking relationships. Countering, the obvious question is why can’t an incumbent duplicate these services? No reason at all, so likely will see competition from well funded incumbents who can offer a broader range of services.