BFC Bulletins Monthly News Digest
Mobile-only financial institutions are revolutionizing personal banking, offering faster, cheaper, more secure and easier-to-use products and services via a simple Android or iOS app. Not to be confused with the online or mobile banking of a traditional financial institution, mobile-only disrupters are truly a new concept being embraced by consumers around the world. Their main advantages over traditional financial institutions include greater transparency, fewer restrictions, 24/7 availability, faster approval times, lowers fees, borderless banking and paperless transactions. The top 5 such financial institutions operating in Europe and to keep an eye on are bunq, N26, soldo, vialet and qonto.
