UBER Enters Retail Banking

UBER Enters Retail Banking

After finding out that 30% of UBERs drivers don't have a bank account, UBER let its drivers not only open an account, but also take loans from UBER to finance the drivers' car. Does that make UBER a type of bank?

I'll be speaking about this and about other dilemmas that rise in the constantly evolving FinTech eco-system, in my next lecture at the Haifa University this Thursday.

#retailbanking #banks #uber #bankaccount