Old Mutual banking license strategy in neobank market
Old Mutual signaled an acquisition thesis in banking license application and launch strategy on November 27, 2022.
- Primary
- Old Mutual
- Structure
- banking license application and launch strategy
- Date
- November 27, 2022
- Sub-sector
- Neobank
Large financial services incumbent pursues direct neobanking entry to capture retail deposits and reduce funding costs as fintechs gain market share.
Source: dailymaverick.co.za