After twenty years of building a legislative framework to enhance the stability of the financial sector, regulators are not willing to let go of the pressure. Now that the European and national authorities have been granted the necessary powers to shape the financial landscape, regulators are looking beyond crisis prevention: the next regulation aims to fuel change for a greener society.Read More
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Neobanks have raised the concerns of the public everywhere in Europe. Revolut, N26, Nickel, Starling, Monzo etc. are already known as key players in the industry. Most of them have succeeded massive fundraisings and are quite close to announce new capital injections in the press or the launch of new products and services.
Despite impressive customer acquisition (more than 1 million customers for N26, twice much for Revolut…) none of these mobile-only neobanks have reached sustainable profitability.
Neobanks are still cash-burner companies and even if many of them are generously funded by venture capitalist or established commercial companies, they need to evolve if they expect to stay alive and last as key players on the banking scene.
In this article we will check if Neobanks are equipped to stay or not.Read More
The European changing environment has challenged the Private Banking industry to its foundation. Hence, a weak global economy, strong inflation regulation and low interest rate policy set by the ECB, threaten to lower profit over the next three years causing a graduate margin erosion in Private Banking. In that context, Private Banks new business model will have to be laid down by 2020.Read More
Article published in AGEFI Luxemburg (May 2017) and written by Diana CUTOLO, Business Line Manager Funds & Securities Services, Riemer Vandepitte and Nelson DOSSOGNE, consultants Funds & Securities Services at Initio, niche player in business consulting for the Financial sector.Read More