Lack of transparency, lax controls, money laundering: Are neobanks encouraging financial fraud and identity abuse? A look at the downside of the banking revolution. Over the last decade, the banking sector has experienced a digital revolution. Apps have replaced branches, chatbots have replaced advisors, and hundreds of new players have flooded the market. But the miraculous transformation of the banking sector also harbors dangers. Data Sources investigated the downside of the banking revolution.