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In 2017, Incumbents' Mobile-First Standalone Bank Initiatives Peaked – Here's What Happened Next

A decade or two ago, timely visits to bank branches were quite common – and these visits were dominated by paperwork (usually multiple documents). Today, smartphones and the Internet have made visiting bank branches almost inessential thanks to most banking activities being conducted online. As new businesses emerged in payments, lending, and other segments of the FinTech ecosystem, there was also a rise in neobanks, which emerged as contenders to traditional banks, but is this the reason for traditional banks for launch ...

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