Fintech goes beyond banks

The rising popularity of digital banking apps such as Monzo and Revolut is well-known, but what about managing your pension through an app? Or your home insurance? Or getting a mortgage faster? Bank customers may not even know that their money is ever touching algorithms developed by start-ups. Complyadvantage, a

British start-up, has developed compliance technology for big banks to use. And M:QUBE is behind new technology for mortgage brokers.

Why? Challenger banks have shown that customers will hand over their bank details to small companies without high street branches. The same technology could help them keep the rest of their finances in order.

Why not? These start-ups won’t take off if they can’t reach customers and persuade them to sign up.

James Cook