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
Monese
- https://monese.com/gb/en
- https://www.finder.com/uk/current-accounts/monese-review
- British-Estonian company
TallyMoney
- https://www.tallymoney.com/
- Gold backed 1:2:1
- Physical card is £19, one off cost
Wise
- https://www.wise.com
- 40 currencies
- AML/KYC ID document required