Is the tide going out for Britain's digital banks?

UKTN (UK Tech News)

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Is the tide going out for Britain's digital banks?

When digital banks first arrived on the scene a decade ago, Britain’s high street rivals were rattled. Centuries-old institutions that had never seen much competition were suddenly threatened by a group of twenty-something coders in T-shirts. It was an opportune time to disrupt the sector. The 2008 financial crash had wrought havoc on the high street stalwarts — some of whom needed emergency bail-outs from government. Their reputation was in the…