Incumbent retail banks are right to be worried. Euromoney’s inaugural ranking of Europe’s fastest-growing banks shows just how rapidly new digital players are catching up in retail – not only by acquiring new customers but increasingly in their revenue and balance sheets, too. For incumbents, attack may be the best form of defence: whether via their own digital banks, emerging market expansion or M&A.
Revolut, alongside other neobanks, is living up to its name.
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