News Summary

• A growing number of digital-only banks are experimenting with launching their own mobile network services.
• Neobanks could turn connectivity into a loyalty-building feature, offering users travel data plans, mobile payments, and account-linked perks.
• Success would depend on tightly integrating connectivity with financial services and creating a seamless, mobile-first customer experience.
• For established mobile operators, the rise of banking-based MVNOs does not necessarily pose a direct threat.
• In fact, many major carriers are already adapting to the evolving ecosystem.