Banks are institutions that have always been present in the daily life of the majority of French people. In effect, they are essential to be able to ensure optimal management of its finances.
However, it is a sector that today tends to evolve a lot. Many changes are disrupting the lives of subscribers who now have the option of turning to connected or fully dematerialized brands. Conventional banks now face competition from online banks and neobanks.
Update on traditional banks
The principle of banking appeared in Antiquity with considerable changes from the Middle Ages. However, most services as we know them today have their roots in the renaissance, under the impetus of powerful families across Europe especially. Deposits and credits therefore began to become popular at this time.
Currently, the benefits are obviously much wider with the appearance of savings management or subscription to a life insurance contract. Traditional banks then operate branches all over the territory where to go to carry out certain transactions or to see an advisor.
What is an online bank?
Although online banks are advertised as a real novelty, it should not be forgotten that most are subsidiaries of traditional establishments. As a result, the difference is almost non-existent in terms of services.
However, dematerialized signs are accessible via a connected digital platform. All banking transactions will be done online, without having to travel.
Counselors contact each other by telephone at more flexible times. In addition, account maintenance fees or bank cards are often free. Millions of French people are now convinced by this system which modernizes the bank.
What about neobanks?
Still with a view to digitizing transactions and banking operations, it is also necessary to pay particular attention to neobanks. Although the principle remains roughly the same as that of online establishments, it is more a question of brands that are only accessible on mobile phones.
Neobank status can only be obtained if the products made available are complete. Thereby, it’s not just about e-wallet applications only made for deposits or payments. A real bank, even mobile, should also be able to offer credit offers, at least consumer loans. Prices are even lower.
In short, these three types of banks all have an important place in the financial sector today. Customers are present everywhere. While some purists prefer to confine themselves to the classics, others are rushing towards mobile and connected solutions which also have their advantages.
–
