These days, with new banks such as Kuda, Nomba, Prospa, and Brass, the quest for frictionless financial transactions has broken new dimensions. Customer shares positive reviews of the bank’s services online and by word of mouth. Fifty-three percent of them trust the financial services industry. So, by bringing the halo of tech to financial services, fintech companies win more converts to their services. As great as these services are, digital banks still largely depend on internet connections and a tech-savvy customer base.

Source: The Guardian April 30, 2022 14:45 UTC