TLDR
Google Trends reveals that searches for the term 'Digital Bank' hit a peak on August 25th this year, reaching a popularity value of 100. Digital banks exist entirely online and all banking is done over the internet - including transfers, payments, investments, and investments. Singapore has begun issuing digital banking licenses to both banking and non-banking entities. This marriage of finance and technology promises to revamp the global financial environment in ways never before seen. For traditional banks to survive, it is now more pertinent than ever that they embrace the fintech revolution.via the TL;DR App
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Written by HappyMasozi | Finance major & tech enthusiast.
