Chapter

The Cost of Being a Depositor for Banks
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42:47 - 46:11 (03:24)

Banks often view depositors as a cost center as they have to spend money on acquiring them, causing challenger banks to become a potential threat for traditional banks. This differs from loan providers who can build long-term relationships with customers, as loans are considered a commodity.

Clips
The fundamental issue with traditional banking is that they view depositors as cost centers while loans are like commodities.
42:47 - 46:11 (03:24)
listen on Spotify
Banking
Summary

The fundamental issue with traditional banking is that they view depositors as cost centers while loans are like commodities. It's much harder for loan providers to build a long-term relationship than it is for challenger banks that focus on depositors.

Chapter
The Cost of Being a Depositor for Banks
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