Fintech Insider Podcast by 11:FS cover image

763. News: Buy Now Pay Later regulation shelved while Coutts faces Farage account fallout

Fintech Insider Podcast by 11:FS

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The Future of Banking

Benjamin Insor: For generations and generations of banking, the correspondent banking model was the best that we could come up with. Nigel Farraj has released documents which he claims demonstrates that a prestigious private bank closed his account because his views quote, do not align with our values rather than due to financial threshold. The Treasury has just said that banks will be forced to explain any decision to close an account under new rules. Digitizing outdated processes has only led to complex opaque and exhausting user journeys for mortgage customers. Partner with businesses to simplify and accelerate the home buying process.

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