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First, banks.
First, banks lack sufficient capital.
First, banks, households and governments are paring their debts.
First, banks and insurance companies (institutional investors) and retail investors increased their demand for stock.
First, banks with high branching intensity adopt more slowly than banks with a few branches in place.
First, banks are boosting their capital much more quickly than regulators had expected.
First, banks are increasingly bringing in appraisers from other towns, if not other states.
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Meanwhile, we count four so-called 'challenger' and digital-first banks set to launch in the U.K. this year.
This, in turn, is paving the way for API-first and mobile-first banks such as Atom, Mondo and — with one further layer of abstraction — Auka.
In fact, it's so-called digital-first banks or fintech startups taking various slices of the traditional banking pie that the company appears to have its targets set going forward.
Digital-first banks, such as German-based Fidor Bank, UK-based Atom Bank, and US-based Simple, are building momentum by offering easy digital banking services to customers that are frustrated and confused by the traditional banking system.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com