Banking Digital December 7, 2021Digital banks are popping up everywhere. But in this heavily regulated industry, the essential first step is for regulators to develop a licensing plan. From there, it takes about two years for the first digital banks to start accepting deposits, making loans, and processing payments. We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you. Please email us at: McKinsey_Website_Accessibility@mckinsey.com To read the article, see “Lessons from the rapidly evolving regulation of digital banking,” October 1, 2021.