Comment by jacquesm

2 years ago

And banks are closing all of their physical presences one after the other. Pretty soon they'll just be a bank of computers and an AI for all of your interaction.

I hope to have shut down my business activities by then.

That, in theory, should create the space for a challenger bank providing real-people interaction. Metro Bank seems to be doing that (yes, they are currently in trouble, but so are a lot of other banks - interest rate changes caught a lot of folks off-guard).

  • Enshittification seems sticky though. It takes a while before customers realize that the "tech banks'" support are like trying to talk to Google.

    We will have to pay a premium over today's price for a normal bank.