The current crop of neo and challenger banks such as Revolut, Monzo, N26, Monese, and Twisto are providing elements of the traditional bank account to a digital-native crowd that prefers the branchless experience and simple sign up. Money is moved from point A to point B.
A new generation of bankers and technologists are questioning every string of code and product that make up incumbent banks across the globe. As the pendulum swings from analog to digital, the unbundling of the incumbents is begging the question: “now what?” — or worse, “so what?” Digital natives are no different from our parents except that we want everything faster, cheaper, and catered to us. We’re still getting married, having children, buying homes, and of course investing for our futures. We’re looking for brands that will embrace us, understand us, predict where we may make mistakes, teach us something, reward us, help us change our lives and our world.
