Bankloch

For decades, banks have fulfilled two core functions: Financial Intermediation : collecting deposits and channeling them into loans and investments. Payment Facilitation : enabling the smooth transfer of money between individuals and institutions. However, these traditional roles are becoming increasingly commoditized. The digitalization of money and banking services has stripped away many of the distinguishing features banks once relied on - such as in-person service and branch networks. Meanwhile, third-party providers and Banking-as-a-Service (BaaS) platforms now offer modular financial services that any institution can adopt, further eroding differentiation. The new generation of customers - more digital-savvy and less loyal - readily switch to providers offering better rates or superior technology. As a result: Competition has intensified , shrinking profit margins (e.g. reduced fees on international payments) and triggering aggressive price-based campaigns (such as high-yield sav...