Similar one last month with Wells Fargo. If you break down a bank in 45 different pieces...who helps the customer as a gateway to manage all these services? Interestingly enough for most of these start-ups you need a bank account....to do business with them.
European Banks are under attack from a number of emerging specialist FinTech startups. Here are some of the European FinTech startups unbundling banking. TWITTER LINKEDIN EMAIL POCKET We previously dug into the US companies that were disrupting banking with a look at the startups attacking the likes of Wells Fargo, Bank of America and Citi. While the US is a major market in the FinTech landscape, the UK, and more broadly, Europe has proven to be another key market in the global boom in FinTech. With this in mind, we looked at the European FinTech companies attacking bank services ranging from lending companies like Borro, Zopa, and Auxmoney to wealth management companies like Nutmeg and eToro to money transfer companies like Azimo, WorldRemit, and Transferwise and many other areas.
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