The rise of digital in business banking: Are neobanks disrupting the business banking market?

Neo-banks – digital only or app-based banks such as Monzo and Starling in the UK – are changing the dynamics of business banking.
  • One in six businesses say they already use a digital-only bank, including solely using online services from established banks.
  • Those providing business services are the most open to considering digital-only banks, with agriculture and manufacturing businesses the least open.
  • Older millennials and younger Gen X business owners and decision makers are most likely to already be using a digital-only solution while under 34s are most likely to consider it in the future....

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