# Fintech/Challenger Banks

#### Summary

[ESG](https://www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp) has permeated day to life deriving from Govt and Corporate policy in the UK, which in turn directly comes from the UN's [SDGs](https://sdgs.un.org/goals) . These actively push an ideological narrative for the greater good, sometimes called [stakeholder capitalism. ](https://www.investopedia.com/stakeholder-capitalism-4774323)

One of the aims in stakeholder capitalism is where profits and providing a good service play second or third place to being virtuous for the greater good of minorities and filling a quota. The best people get ignored over mediocre alternatives, be it policy or people.

The financial system is not immune to this and there has been a push for ESG friendly finance over the last few years, with all of the UK/Europe based traditional banks adhering to this in some degree (advocated by the top down [cartel](https://finance.yahoo.com/news/blackrock-state-street-vanguard-arguably-211002034.html)) banking has played its part and you can choose how much you want to virtue signal dependent on the bank or financial group. (Natwest, , Co-operative, Nationwide, Aviva and others.

Some examples of Fintech/Challenger providers, all are app based to some degree. I have not found any that are not to date. as I find/acquire more I will add here.

<span style="color: rgb(45, 194, 107);">*Not financial advise, Do your own research!* </span>

##### Revolut

- [https://www.revolut.com/en-US/](https://www.revolut.com/en-US/)
- [https://www.finder.com/uk/current-accounts/revolut-review](https://www.finder.com/uk/current-accounts/revolut-review)
- [https://www.revolut.com/about/](https://www.revolut.com/about/)
- Stock trading, Crypto Buy/Sell
- Industry leader
- Physical card available for small fee

##### Glint

- [https://glintpay.com/us](https://glintpay.com/us)
- [https://www.finder.com/uk/digital-banking/glint-review](https://www.finder.com/uk/digital-banking/glint-review)
- Gold backed 1:2:1

##### Monese

- [https://monese.com/gb/en](https://monese.com/gb/en)
- [https://www.finder.com/uk/current-accounts/monese-review](https://monese.com/gb/en)
- British-Estonian company
- KYC/AML via ID
- Free Simple plan, other paid monthly plans available
- Physical card is £4.95, one off cost

##### TallyMoney

- [https://www.tallymoney.com/](https://www.tallymoney.com/)
- Gold backed 1:2:1
- Physical card is £19, one off cost
- Waiting list currently

##### Wise

- [https://www.wise.com](https://wise.com/)
- 40 currencies
- AML/KYC ID document required
- Physical card is £7, one off cost

##### Others

- [https://www.finder.com/uk/current-accounts/starling-bank-review](https://www.finder.com/uk/current-accounts/starling-bank-review)
- [https://www.finder.com/uk/digital-banking/challenger-banks-list](https://www.finder.com/uk/digital-banking/challenger-banks-list)
- [https://www.finder.com/uk/current-accounts/monzo-review](https://www.finder.com/uk/current-accounts/monzo-review)