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ValueWeb: How fintech firms are using bitcoin blockchain and mobile technologies to create the Internet by Chris Skinner

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Having discussed CheBanca! as a digital bank with branches, we will now examine the characteristics of a digital bank. Digital banks are being created in response to the development of the ValueWeb through FinTech. As a result of these pressures, incumbent banks are being forced to become digital banks. Banks cannot compete with new FinTech start-ups if they do not become digitalised. Equally, banks cannot deal with global peer-to-peer connectivity through the mobile network if they are not digital. They cannot support the exchange of value for free, if they are not digital. But what exactly is a digital bank?

I am asked this question often. ...

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