I truly think Fintech will take over the market cap of most banks/institutions quickly. There’s only select small reasons you need to visit a branch. With the increase in digital transactions, using an atm is slowly dying out.
Obvious any rate cut is important for banks, but I think the ease of banking through your phone is going to take over. SOFI I’m extremely bullish on. Platform, high yield savings, investment, all in one place with a clean UI.
Let me know your thoughts.
\- JT