Cloud Platforms
New digital banks could take three to five years to break even, says CGS-CIMB Research
CGS-CIMB Research expects digital banks to commence operations by 2023 to 2024 and only break even between 2026 and 2029. In a Wednesday (May 18) report, it noted that it thinks the digital banks will not be able to engage in long-lasting price competition with incumbent banks before they begin Read more…