2023 has been a very good year for Fintech, we said hello and goodbye to a lot of Fintechs. Both good and bad.
Here are some of my predictions below:
- Monzo will continue to grow and expand into the European Market
- Metro Bank will continue but under financial issues
- Chase will release a Credit Card into the UK (Can’t Wait)
- Smaller Fintechs such as Algbra & Hyperjar will have to shut down
- Maybe see a return of N26 into the UK (Really hoping)
- Revolut will still be without a UK Banking Licence
- British Airways will restart applications for Avios Debit Mastercard
- Plutus will shutdown
- Kroo will continue to expand with new features
- Other US Banks will expand into the UK Market
Some funny predictions:
- Curve might actually hire a good customer service team
- Metro Bank might not take 10 years for a new card
- Suits Me decide to just go
- Tally might actually reply to a email
- Cashplus will stop wanting money from me every 5 minutes
Non-fintech predictions:
- Co-op Bank will merge with another bank
- CitiBank will fully retire from the UK
- More Branches close across the UK
- Nationwide’s new app will be quite good
Of course all of these are just predictions and take them with a grain of salt, but some of them i can see happening