Tag: U.S. consumer account

Invest tech, WealthTech

Banks target wealthier clients to fix ‘unsustainable’ retail economics

October 27, 2022

Via: American Banker

More nimble, higher-tech rivals are making the economics of garden-variety retail banking “unsustainable” for traditional financial services companies, driving them to focus on specialized digital services for more profitable customers, according to a new study from the consulting firm McKinsey […]