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The five core components that will drive the next wave of banking innovation
The growth in online banking has been – and will continue to be – rapid. From a valuation of $11.43 billion in 2019, the projections are that it will reach $31.81 billion by 2027, at a CAGR of 13.6%. For the incumbent banking system, this rapid growth poses a real and ongoing challenge, as it has opened the door to unconventional disruption and new competition. Non-banking companies are now able to bring different business models…
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