Many traditional banks face stagnant or decreased revenue and profits.
 
The average global banking ROE was around 9.5 percent in 2021 — a significant recovery from 6 percent in 2020, but a sharp decline from 15 percent prior to the 2008 crisis.
 
Banking stocks trade at an accelerating discount to other industries — from a 15% percent discount in 2000 to a 70% discount in 2022.
 
This means that global investors are voting with trillions of dollars against the future profitability and sustainability of the existing business model of universal banks.
 
LOQUAT Inc., a banking-as-a-service (BaaS) platform, provide a seamless end-to-end digital customer experience. The platform provides small businesses access to their accounts, make transactions, and receive customer support through their mobile devices and computers.