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Digital Banks are Doomed

Slate Money

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Isn't It Time for a New Bank?

Banks employ more softwear engineers than the technology sector. If you offer me a better interest rate, i'll move my money. There's a good abat rate. And that's actually the one area that marcus seems to have been reasonably successful. It has a savings account. They can throw a large number on the savings account. But even with a hundred billion dollars in deposits, they're still losing money and it doesn't seem to be helping them very much. Couldn't a bank like ultimately i you wanto attract more customers f you wount entice people to move their deposits out of sa chase into neo bank x?

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