New contenders
Nov 29, 2019
3 minutes
JOHN STEPEK EXECUTIVE EDITOR OF MONEYWEEK MAGAZINE
Prior to 2008, the idea of anyone taking on the dominant banks seemed far-fetched. Despite the proliferation of internet access, innovative financial platforms were still in their infancy. Meanwhile, the combination of consumer apathy, regulatory barriers and getting customers to trust an unknown brand seemed insurmountable.
And then the financial crisis came along. Several high-street institutions went to the wall, while the banking sector as a whole needed
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