Despite rapid digital advances in financial services access to cash will remain critical to many consumers, according to chief economist of the Bank of England Hugh Pill.
And Cardiff-born Mr Pill said while some tech start-ups are reliant on equity investment, new firms more broadly often see their founders using their credit cards to get started.
The Welsh Government is committed to creating a community bank to address what it sees as the disfranchisement of communities with the loss of high street banking branches.
