The Future of Niche Banks
Alex Johnson, founder of Fintech Takes, discusses the future of niche financial institutions where funding has become more difficult, scalability continues to be elusive, and acquisition and loyalty increasingly challenging.
FEATURING: Alex Johnson, founder of Fintech Takes
Fueled by the growth of plug-and-play banking infrastructure, startup niche banks have emerged that cater to a varied assortment of segments, including specific nationalities and genders, income and age stratifications, occupations and hobbies and even personal values.
The majority of these start-ups have a licensed sponsor bank as well as a digital banking offering specific products that consumers (or businesses) can’t get elsewhere. The challenge is how to differentiate, achieve scale, fund marketing and acquisition and build loyalty beyond the debit card.
My guest on the Banking Transformed podcast is Alex Johnson, founder of Fintech Takes. We discuss the future of niche financial institutions where funding has become more difficult and scalability continues to be elusive.
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