From Brexit and Grexit to Trump and Scottish (near) independence, the way we think about our place in the world is changing. In the UK and further afield these issues have shone a light on the fact that we live in a global, multicultural melting pot – with ties to friends, family and colleagues around the planet.
The way we manage our money is changing, too. Regulation, rebuilding trust, teenage hackers and woefully outdated technology have kept our favourite high street banks busy recently. You probably haven’t ditched your current account yet or tried out a new alternative like Starling or Atom Bank, but you might soon. After no new banks for 100 years, dozens have appeared since 2010. Some may lose funding, trip up on compliance in the early days or even fail, but they’ve done a great job of highlighting our specific needs when it comes to money – like better banking apps or cutting out fees on spending abroad – and offering an alternative.
Enter ‘borderless banking’.
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