Fintech/Challenger Banks

Summary 

 ESG   has permeated day to life deriving from Govt and Corporate policy  in the UK, which in turn directly comes from the UN's SDGs . These actively push an ideological narrative for the greater good, sometimes called  stakeholder capitalism.  

 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 ) 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. 

 Not financial advise,  Do your own research!  

 Revolut 

 

 https://www.revolut.com/en-US/ 

 https://www.finder.com/uk/current-accounts/revolut-review 

 https://www.revolut.com/about/ 

 Stock trading, Crypto Buy/Sell 

 Industry leader 

  Physical card available for  small fee 

 

 Glint 

 

 https://glintpay.com/us 

 https://www.finder.com/uk/digital-banking/glint-review 

 Gold backed 1:2:1 

 

 Monese 

 

 https://monese.com/gb/en 

 https://www.finder.com/uk/current-accounts/monese-review 

  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/ 

 Gold backed 1:2:1 

 Physical card is £19, one off cost 

 Waiting list currently 

 

 Wise 

 

 https://www.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/digital-banking/challenger-banks-list 

 https://www.finder.com/uk/current-accounts/monzo-review