Monzo and Starling Bank saw more than 10,000 customers open accounts through the account switching service in the first few months of 2019; HSBC, Nationwide and NatWest saw the biggest growth but the success of Monzo and Starling Bank show the appetite for digital banks is there; the switching data also shows that customers under age 35 are three times more likely to switch than those over 55; the last 12 months saw 921, 065 switches, with more than 265,000 is the first few months of 2019. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.