Challengers such as Nationwide and Metro Bank will benefit from the new rules, which are designed to drive up competition
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Soumik Roy, Banking Technology’s editorial contributor based in India, explores India’s digital banking landscape, examines innovative players like DBS digibank, and ponders what’s next for the nation’s fast-paced fintech sector.
John Davies, CEO of The Just Loans Group, an alternative lender to UK businesses, argues that rather than being disruptive, fintech is enabling a return to how business banking used to be: a business would have a dedicated account manager who was genuinely interested in a customer’s business and had the time to give it guidance. Clever use of technology means more time and energy can be spent on understanding customers’ plans and needs – something that has been forgotten over the years.