FinTech Magazine - November 2021 | Page 135

DIGITAL EUROPEAN BANKS

With digital banks transforming the marketplace in Europe , we take a look at the top 10 in the sector

WRITTEN BY : JOANNA ENGLAND

The European banking sector is witnessing a growing demand for digital banking services . Compared with incumbent providers , digital banks offer a wider range of flexible , mobile-ready benefits that appeal to user convenience . Globally , the digital banking platform market is also expected to grow at a CAGR of 11.2 % during the forecast period ( 2021 - 2026 ). The rapidly evolving digital transformation in the banking industry , as well as the demand for smart mobile devices and digital banking services among consumers , are some of the major factors driving growth in the market .

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