Can the established banks move with the times? Photo: Isabel Infantes/EMPICS Entertainment
Banking, seldom a byword for excitement, is getting interesting. In recent years, a throng of “neo-banks” has sprung up, operating through smartphone apps. Brands such as Monzo, with its distinctive coral-coloured cards, Revolut, Atom and Starling are in the vanguard.
Just 15 months after it started offering current accounts, Monzo has about a million, or one in seven of those being opened in the UK. That’s impressive. But given there are around 70m in total, there’s a…
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