‘Evolve or Die’ Says Fintech Challenger Bruc Bond

Banks must embrace openness to survive according to fintech challenger Bruc Bond In February 2020, a McKinsey report indicated that reinvention of the banking system is crucial for the livelihood of the sector. Following the report, Bruc Bond, (formerly Moneta International), a leading business banking firm, has today issued a stark warning to UK banks that it must embrace new open banking practices to survive. The movement to a more open and interconnected financial world, which started...

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