Banks and Fintechs Prepare for Dispute Over High Street Hub Funding
UKPulse Money Desk
Traditional banks and online-only operators are reportedly preparing for a dispute regarding the funding of high street hubs.
- Traditional banks are seeking contributions from online-only operators for high street hubs.
- These hubs are intended to mitigate the impact of branch closures.
A disagreement is reportedly brewing between traditional banks and fintech companies concerning the funding of high street hubs. Traditional banks are said to be keen for online-only operators to contribute to the financial backing of these hubs.
The high street hubs are required to address the impact of ongoing branch closures.