Financial Services are changing
Today I read 4 news and 1 email with advertising:
1- N26 plans to concede credit in Portugal;
2- Revolut partners with Mastercard;
3- Amazon in Spain closes a partnership with Cofidis for small credit amounts;
4- Online Credit with Younited Credit up to 40k;
5- CGD, public owned bank in Portugal, will raise banking commissions somewhere between 3% and 4% in 2019 and 2020.
Take your conclusions about the near future of traditional banks that don't adapt or make relevant partnerships and good acquisitions.