Article 1YJZV Would you do your banking with a tech startup?

Would you do your banking with a tech startup?

by
Alex Hern
from Technology | The Guardian on (#1YJZV)

Monzo wants to take on the traditional banking sector on its own turf, aiming to offer a full current account service in early 2017

Banks are boring, for a good reason. The last thing you want to hear from the organisation you've entrusted with your money is their exciting plans for how to shake up the world of finance. Generally, you want a beige person in beige clothes gesturing to whatever is the digital equivalent of a big vault filled with gold. It's boring, it's reassuring, it's safe.

Banks are, in short, the opposite of a tech startup. So a tech startup wanting to take on the banks on their own turf has its work cut out for it.

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