Ep. 247. News: Who should we trust?

In this episode the team sit down with top fintech CEOs to tackle the week's top financial news

Kicking off with the news that in the ten year anniversary of the financial crisis, Brits still don't trust their banks to act in the interests of society. We explore what this means, whether banks have ever acted in the interests of society and if this really is the case? We asked some people on the streets around our offices to see if they agree. Find out what they said.

Big banks have had it tough in this week's headlines - TSB have had another outage in the exact week the FCA have mandated banks to declare their outages, and the Telegraph reveals the slightly underhand dealings with savers' rates, in the days and weeks before the Bank of England's interest rate rise. We spoke to Dominic Lindley Director of Policy, New City Agenda (and a member of the Financial Services Consumer Panel) to get his take on this, and to summarise all the big bank bad news stories we’ve just covered.

Amazon have announced their desire to become a price comparison site, sending their competitors' share prices tumbling, we also got some great insight from Oliver Ralph, Insurance Correspondent at the FT on this one.

The team also examine: Revolut's customers getting locked out of their accounts in an attempt to crack down on money laundering; JP Morgan's new investment app which is aimed at millennials and first time investors and offers free trades and the big fintech valuations of the week, which predict Monzo will become the next fintech unicorn in Europe.

All this and so much more on today's episode of Fintech Insider!

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This week's episode was written and produced by Laura Watkins and edited by Michael Bailey.

Special Guests: Anil Stocker, Caroline Plumb, Dominic Lindley, Oliver Ralph, and Tom Eyre.

Links:

• British public don't trust banks 10 years after crisis, survey finds | Reuters
• TSB online banking goes down again as customers complain after another outage
• Brit banks must disclose outages via API, decrees finance watchdog • The Register
• Revealed: the banks that robbed savers of a rate rise
• Amazon considering insurance comparison site for UK, says report | The Independent
• Customer fury at Nikolay Storonsky’s Revolut lock-out | Business | The Sunday Times
• JP Morgan to unveil new investing app with an eye-catching, disruptive price: Free
• Monzo poised to join ranks of Europe’s fintech ‘unicorns’ | Financial Times
• 5 Trends Emerge in the Gartner Hype Cycle for Emerging Technologies, 2018 - Smarter With Gartner

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