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Neobanks vs. Tradition: Why Execution, Not Tech, Sets Leaders Apart | Meniga’s Raj Soni and BCG’s Michal Panowicz
Raj Soni, Meniga and Michal Panowicz, BCG chat about how neobanks have changed the game when it comes to what people expect from digital banking. Michal shares his own experience with Revolut, where he opened an account and got both a credit and debit card in just two minutes. This kind of speed is a stark contrast to the slow processes that many traditional banks still have.
They point out that traditional banks are not just lagging in tech; they miss the mark on digital transformation overall. Even though they have loads of customer data, they haven’t figured out how to turn that into the personalized experiences today’s consumers want. Neobanks, while maybe not as well-funded, often provide a way better user experience.
Raj and Michal believe the problem isn’t about regulations or lack of money, or even being far from Silicon Valley. It’s really about execution, including how decisions are made, the talent they have, tech management, and keeping things in check internally. Banks need to rethink their governance and how they create and deliver digital products instead of just adding new features to old systems.
Interestingly, they note that the most digitally advanced banks aren’t in the US or the UK. Countries like Spain, Turkey, Poland, and India are taking the lead. In these places, banks have been quicker and more focused on modernization—they’ve adapted better without waiting for perfect conditions.
The takeaway for financial institutions is clear: to keep up with digital-first competitors, they need to do more than just upgrade their tech. They have to rethink their culture, governance, and delivery at all levels.
- The European Central Bank Selects Almaviva and Fabrick for Digital Euro Project Read more
- EXCLUSIVE: “The Advantage of Ancient Errors” – Tony Fish in ‘Discover Sibos 2025’ Read more
- EXCLUSIVE: “Game Changer” – Andy Lyons, Freemarket in ‘The Fintech Magazine’ Read more
- Binance Launches The Blockchain 100 Award to Honor Top Creators Driving Blockchain Innovation Read more
- MAPFRE AM Appoints Ismael García Puente as the New Deputy Director of Investment Strategy Read more
CBI Drives Verification of Payee Compliance in Italy
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APIs Driving Embedded Finance Innovation
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Small Business Outlook: Juggling Responsibilities, Rapid Change, and GenAI | Shruti Patel, U.S. Bank
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Vennre Unlocks Wealth Tech Opportunities in MENA
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Small Business Outlook: Capital, Costs, and GenAI | Shruti Patel, U.S. Bank
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FF Tattoo Studio at Sibos 2025
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APIs to Always-On: Open Banking, Embedded Finance & AI Platform Engineering | FIS, HSBC Innovation Banking, BNY | The Fintech Show #159
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The European Central Bank Selects Almaviva and Fabrick for Digital Euro Project
Almaviva, an Italian digital innovation Group, and Fabrick, a Sella Group company active in Open Finance at an international level, have been selected by the European Central Bank (ECB), as part of the Digital Euro project, to develop the mobile app and its technological infrastructure that will enable European citizens to use the European digital currency.
EXCLUSIVE: “The Advantage of Ancient Errors” – Tony Fish in ‘Discover Sibos 2025’
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EXCLUSIVE: “Game Changer” – Andy Lyons, Freemarket in ‘The Fintech Magazine’
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Binance Launches The Blockchain 100 Award to Honor Top Creators Driving Blockchain Innovation
Binance, the world’s largest crypto exchange by trading volume and users, today announced the inaugural launch of The Blockchain 100. This new annual awards show is designed to recognize and celebrate the most influential creators advancing blockchain education, innovation, and community engagement.
MAPFRE AM Appoints Ismael García Puente as the New Deputy Director of Investment Strategy
MAPFRE AM, the asset management arm of MAPFRE Group has appointed Ismael García Puente as the new Deputy Director of Investment Strategy, a newly created position in which he will be involved in the development and communication of the MAPFRE Group’s investment strategy, overseeing the management of specialist funds, market analysis, and asset allocation. He will also continue to assume responsibility for managing the wealth manager networks and life insurance portfolios as well as liaising with customers.
Open Banking Startup Yavrio Named One of CNBC’s UK Top Fintechs 2025, Cementing Leadership in Enterprise Finance
Yavrio, a fast-growing Open Banking fintech enabling embedded payments and banking directly into ERPs, has been selected as one of CNBC’s Top UK Fintechs 2025.
Crypto Wallet Adoption is Skewing Affluent as Dreams of Financial Freedom Fades
A new research report from global payments infrastructure platform Mercuryo and Web3 research firm Protocol Theory shows that while cryptowallet adoption is accelerating among affluent users, lower-income groups face costly access points and risk being excluded.