#1 The banking monopoly is crushed forever: admit or quit
In the digital age, in which almost everyone is able to build an app, banks are losing their power over customers. The monopoly of banking is disrupted by global banking digitalization impacted by different banking regulations and the emergence of technology.
Even though it seems like simple math that products should work for customers, not against them, many banks still seem to make people’s lives extremely difficult. That’s why, gradually, more and more people choose to leave the traditional banks with limited options for the Fintech unicorns that offer convenience and positive emotions.
