Online banks versus traditional banks – part two

This is the continuation of a previous post. How the new guys do it Online banks have a completely different approach than traditional banks when servicing their clients. Lacking a branch network, they rather rely heavily on online services. For the inevitable presential activity such as withdrawing cash, they count on agreements with other banks allowing their clients to use …

Online banks versus traditional banks – part one

Online banks are one of the most visible branches of FinTech, and as such can define the general public’s impression of Startups within the field. This text will explain the main differences between these new organizations – online banks – and the traditional high street bank, as well as summarize my own experiences with them so far. Unavoidably, we conclude …