Who can beat the banks? (FinTech special) [S15E04]

This week the team discuss 'FinTech' - the apps and services hoping to displace traditional banks and their products. We look at some of the most interesting consumer offerings for everyday spending, foreign exchange and borrowing, considering which firms have what it takes to be successful including:

  • Curve - The single card for all your spending (now available to everyone after a 'small business-only launch').
  • Monzo - The start-up with hot-pink cards growing steadily into a fully-fledged bank.
  • Revolut - The multi-currency bank account perfect for the jet-setter and his or her executive hair.
  • Habito - The (partially) chatbot-powered mortgage broker.

There are a load of other new app-based banks and financial services we didn't have time to discuss too. Checkout:

  • Atom - An app-based startup bank.
  • Starling - Another app-based startup bank.
  • 'B' - Yet another app-based startup bank (but from a high-street name).
  • Boon - A pre-pay Apple Pay card.
  • N26 - A european app-based bank coming to the UK and US soon.
  • Tide - An app-based startup business bank
  • Transferwise's new 'borderless bank account' - A multi-currency bank-account from the foreign exchange startup that redefined that market.

We also talk about AirPods (briefly). They're good.

Some of the links above are referral links - if you use them we'll put anything earned back into making the show. We've used and liked many of these services but (obviously) none of this is financial advice.

This week's Rafe-o-gram is courtesy of the iPhone X's new portrait mode:

 

Rafe via iPhone X

A post shared by Rafe Blandford (@rafeblandford) on

 

Our special thanks to everyone that supported this and previous episodes including Ian Wilkinson, Tim EdwardsIliccoAndy Hagon, James Murray, Paul O'Sullivan, Robert Daniels, Ray Kaluza, Stephen Dark, Jamie Holland, Phil Turnbull, David, Lynda Sue, Marko Hoffmann, Matt Lacey, Øyvind Berle, Richard Yates, Kah Leong Ow, Roland Roberts, Kurt Kaufman, Graham Lovett, Richard Hurst, PaulrusTerence EdenAlastair Harding, Dan Lane, Iain Mercer, John Bashaw, Sacha ObadoJennifer Hanen, Hugh Matthews and Francis Muir