Ditch bankerly pinstripes and think leather and hot pink. T-Mobile, the self-styled 'Un-carrier' that has roiled the mobile market for years, partners with BankMobile to offer Americans a basic but higher-interest mobile-based transaction account.
Bumper banking profits disguise an underlying weakness in traditional banks, as their per customer income has tumbled over the past decade.
Over the past three years €5.38bn has been ploughed into Europe’s growing fintech sector, accounting for nearly 20% of Europe’s overall growth-stage capital during this period.
Investor’s appetite for fintech firms remains undimmed with mergers and acquisitions hitting a record $112bn in the first three months of the year, despite signs of a slowing global economy and the threat of a disorderly Brexit in the UK.