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Syncing traditional banks with their ‘challengers’ Traditional banks and smaller ‘new-age’ banks have much to gain by joining hands The emergence of challenger banks over the last decade has changed the banking landscape significantly. Challenger banks are comparatively small retail banks that have emerged thanks to newer regulations that facilitate open banking. They typically operate in areas underserved by traditional banks and leverage technology to deliver a level of hyper personalised services that the traditional banking sector is unable to. MyBank, WeBank, PayTM are some examples of challenger banks that have changed the name of the game. This fast growing space is expected to reach $356 million by 2025. So does the emergence of challenger banks necessarily mean the end of the older banking structure?

Jan dhan yojanaPaytm payments bankSuryoday small finance bankVirtual realityAugmented realityTraditional banksNew age banksSmall banksஜான் தன் யோஜனாபாய்த்ம் கொடுப்பனவுகள் வங்கிசூரியோதாய் சிறிய நிதி வங்கிமெய்நிகர் ரியாலிடீபெரிதாக்கப்பட்டது ரியாலிடீபாரம்பரிய வங்கிகள்புதியது வாழ்நாள் வங்கிகள்சிறிய வங்கிகள்