Younger generations in particular now trust the security of smartphones, with their ability to handle a range of biometric authentication methods, whether fingerprint, voice, or image and video recognition. Fintech start-ups are making the most of a more relaxed financial regulatory environment within the European Union (EU), which from 2018, will also see banks forced to share customer data, as long as customers give their permission. This will allow digital banking platforms to position themselves between banks and customers and offer a full money management service, bringing together products from a range of providers.

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