ICAEW.com works better with JavaScript enabled.

Continue reading

What digital banks need to do after COVID-19

The past three months have shown how quickly the process of business digitisation can speed up. But the current market is far from straightforward for the UK’s fintech banking disruptors, says Daniel Lanyon.

Global economic crises are all uniquely different but also share one universal problem. Nobody sees them coming and nobody knows whether you are at the beginning, the middle or approaching the end of the crash until it's over.

For the UK’s fintech sector, particularly its digital banks such as Monzo, Starling and Revolut this is a crunch time, however long the pandemic lasts. It could go either way with bullish and bearish trends accelerating.