What do we understand under "banks"? If keeping with the simply notion of "stores funds and provides debit cards", the most common usage in EU, especially east, banks were deeply disrupted. Revolut and Wise took a large segment of the youth, who now also got hooked on more services like savings accounts and stocks. They have startup-like culture while being registered as standard banks. Obviously their services, quality and support are lightyears ahead of any traditional financial institution.