SPAXS Brings New Digital-Only Bank to Italy

The video discusses the journey from a smart idea to a reality with 600 million in funding, focusing on creating a specialized bank. Investors are interested due to the reshaping banking industry. The bank has regulatory approval and plans to be fully digital by next year. Growth projections include becoming a 7 billion euro asset bank by 2023. The bank aims to fill gaps left by traditional banks, focusing on specific segments. Challenges include political uncertainties, but the bank is optimistic about its strategy and market position.

What is the expected timeline for the bank to become fully operational and digital?

What competitive advantages does the new bank anticipate having over traditional banks?

What concerns were raised regarding the political situation in Italy and its impact on the banking project?