Fintech Insider Podcast by 11:FS cover image

770. News: PayPal launches stablecoin and Apple $10 billion rocks the banking world

Fintech Insider Podcast by 11:FS

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The Future of Switching

Dan: I think the world is absolutely a oyster. We're lucky enough in the UK that we have the current account switch service, dual managed by pay.uk. You initiate the switch with your new bank and they handle all of the account closure with your old bank. They move your money over and switch all of your recurring sort of direct debits and standing orders. So actually from that perspective, we're pretty lucky. Dan: The need is still there, right, for your product, which is how do I update all of the subscriptions, all of the card details that I have with retailers, with merchants? That still isn't being solved for through something like the current account

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