Pricing pressure has been increasing across the market, with recent moves by firms hoping to challenge incumbents by offering fee-free trades, low-cost fixed fees and family discounts.
It's not just the big banks. About 13% of Big Apple employers expect to reduce their workforces in coming years, and around 33% responded that their need for real estate and office space will decline.
55% of lenders plan to adopt Open Banking technology by the end of 2021, with 93% of those businesses expecting to adopt the data-sharing initiative in the next 12 months; according to the recent data of Know-it.
Fundall is building Africa’s first financial super app, to help individuals and businesses spend smartly, manage money and grow money – from living their best lives every day to planning for the future.