Christophe Langlois 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.”
