New kids on the block
As the traditional retail banking giants struggle to stay afloat, a new breed is rising to the surface
Earth: 65 million years ago. A Tyrannosaurus Rex confidently paces its domain looking for food unaware that the growing ball of light in the sky means its days are numbered and the mammals scurrying about its feet are set to dominate. Skip to 2010 and the dinosaurs could be the traditional retail banking giants, their social order shattered by the financial crisis, while the beneficiary mammals might be the ‘new banking’ start-ups. The crisis has already spawned a plethora of ‘new banks’ in the
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