Top 10 financial institutions by market capitsalisation in 2020 include paltform business models Top 10 financial institutions by market capitsalisation in 2020 include paltform business models

5 of the Top 10 Financial Institutions are now platforms

Technology has radically changed finance over the last decade. From posing challenges such as how to digitize the incredibly huge amounts of data, to opportunities beyond what we could imagine possible, the financial services industry of 2020 is long distanced from how we knew finance back in 2010. But, how has this decade of technological changes affected the world’s top …

Can UK challenger banks ever replace incumbent banks as our primary bank account?

CFTE took a look into our own books, researching which banks we are currently using the have our salary paid into. What we found is a strong trend towards UK challenger banks. In 2019, Monzo hit a total of 2 million customers on its app, growing at over 30,000 account openings a week. However, despite this, critics opine that such …