Europe’s FinTechs Lag Behind Competitors In Profitability For 2020

Digital banking may have experienced a boom in 2020, but European neo banks instead stumbled against expectations, proving the difficult path for digital challenger banks to truly survive the pandemic. With companies like Monzo and Revolut sharing their deepening losses, neobanks will need to find solutions to get out from under the tremendous pressure to keep up with traditional banking in terms of scale and customer satisfaction...