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Telecom giants bid to enter the banking sector (www.verdict.co.uk)

Across the globe, there has been frenzied activity in the fintech space driven by big telecom providers. A slew of digital banks have launched.

“Telecom neobanks certainly face an uphill battle to accumulate the necessary depository base required to make themselves into viable and profitable lenders. A key challenge is to convince customers to move in their funds from incumbent banks and to choose them over other potentially more compelling digital platforms, especially those attached to messaging apps.”

What do you think?

Posted by Christophe Langlois

Based in London for almost a decade, Christophe is an entertaining fintech marketing keynote speaker and a trusted advisor to the global financial services industry on the topics of digital marketing, innovation and B2B social media.

Christophe has contributed to over 140 events in 18 countries.

Currently, Christophe is advising a number of fintech startups on marketing and growth hacking and he is the Chief Marketing Officer of The Fintech Power 50, an exclusive annual programme helping fintech scale-ups to accelerate their growth globally.

Christophe's views on VisibleBanking.com are his own.

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