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Digital Banks are Doomed

Slate Money

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Are We Having a Successful Digetal Banking Entrance?

A million on lined banks now, where you can do all your banking through an ap. And the news hok, here is a business inside a piece about marcus, which is goldman sacks ther attempt to try and launch a consumer facing bank. I agree with you that it's strange, giving the potential of the actor, that nobody's been able to fund and sustain something that actually works. But on the other hand, there're so many barriers to entry for that kind of business. We have not an oligople, but we do have enough of a intrenched system where it would be very difficult for a new player to come in.

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