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The Banking Industry with John Maxfield

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Is There a Difference Between Traditional and Digital Banks?

I know a lot of people that's kind of a more hot topic today is some of the, I think the term is neo banks businesses or banks that were digital first. Do you think that's an advantage in today's world? Is there sort of like an innovators dilemma here where the physical footprint is maybe baggage for some of these traditional companies, or do you think it could also be an advantage for them as well? "The people who run those digital banks are a bunch of clowns, by and large," he says.

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