Neobanks rely on market share and “giving away free stuff,” says MBaer Bank founder Michael Baer. He says that while they are attractive for many reasons, they don’t pose a threat to traditional banks, especially in a crisis.
Neobanks rely on market share and “giving away free stuff,” says MBaer Bank founder Michael Baer. He says that while they are attractive for many reasons, they don’t pose a threat to traditional banks, especially in a crisis.