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The decade after the great financial crisis was a period of retrenchment in which many banks pulled back from introducing new products and focused on getting the basics right. Startups and digital challengers stepped into that breach, identifying promising areas for growth that legacy financial institutions had been ignoring.Which is the leading banking as a service platform?
NEW YORK, Jan. 20, 2022 /PRNewswire/ -- Unit, the leading banking-as-a-service platform that empowers companies to embed financial services into their products, announced today that it has released a new pilot environment that enables companies to create live bank accounts and issue virtual cards in minutes.Why is the digital banking market growing in India?
The growing number of small and medium-sized enterprises in India and the growing adoption of advanced technologies, such as cloud computing and business efficiency tools, such as digital banking platforms, are among the major factors driving the market’s growth.When did internet banking come to the US?
It might be hard to imagine these days, but internet banking didn’t exist before the mid-1990s. Before then, if you wanted to do any type of banking, you had to call or visit a branch. But even with the convenience that online banking brought, it took a while to achieve widespread acceptance.