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A revolution in banking is coming | Tom Blomfield | TEDxLSE

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In an age of ever changing technology, one particular important aspect of our lives has seemingly been left behind: banking. However, it seems we are now on the brink of evolving our banking system. Tom is CEO of Monzo - a new smartphone-based bank. In 2013, he was nominated one of the top 5 Entrepreneurs under 30 by the European Commission. In 2016, he became the youngest ever CEO of a UK bank. He previously founded GoCardless, a fintech startup that has gone on to raise $25m. He blogs at tomblomfield.com and tweets as @t_blom. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
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Text Comments (12)
L IC (4 months ago)
Useless talk... The guy says nothing.
Vitória Silva (4 months ago)
jojo
chris bonine (6 months ago)
I work in the banking industry and if any bank doesn't have up to the minute transaction history your customers will flee. 2-3 days out of date is non-existent in the States
Jason Du Pisanie (7 months ago)
Balance out of date? I’m in Africa and my balance is live? What ancient technology is the UK using?
barnet kattel (9 months ago)
I have seen a lot of talk recently on twitter and other places about the new ICO runecoin (lending platform) any review on that? planning to invest some decent amount.
Nixon Rexzile (10 months ago)
so sad, he still think bank still going to exist.
Vitória Silva (4 months ago)
Nixon Rexzile nojo
Motey (10 months ago)
Nixon Rexzile it does, I have a Monzo bank account.
Olaf Kortenhorst (11 months ago)
What does he mean when he says your balance isn't up to date when you check it on your phone? It is at most banks here in Holland
Jack Donovan (10 months ago)
A H no, he's talking about debit card transactions that show as pending with a normal bank...
A H (10 months ago)
Cheques can take a number of days to clear. This delay he is mainly referring to...
Jack Donovan (10 months ago)
Olaf Kortenhorst do you have a balance and and available balance? He's talking about the fact that your balance does not reflect your "true" balance

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