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When traditional and neo banks collide
Group Personal Banking Director at Virgin Money explores the challenges that lay ahead for both the high street and digital banking market. Years gone by have seen challenges present themselves in different ways, however, a pandemic has meant the re-evaluation of many business strategies. Never before has the term ‘fail fast’ been more prevalent as financial institutions of all sizes continue to deliver innovation at pace whilst playing in unchartered waters. Organisations that once operated in parallel universes could now be on collision course to fight the same challenges together.