So nice to see a headline like 'Banks are out of time'.
I personally have a love/hate relationship with most banks and this relationship tends to border on the hate side. Its nice to see how some companies are able to enter the domain of the banking industry and actually make a success of it just by being different and by giving people what they ask for.
Over the years, Fidor has been labelled as “one of the most disruptive factors in the world of finance”, as they have been actively using social media, peer-to-peer lending and crowdfunding techniques to their advantage.
We need more of these companies so that we can get rid of the dinosaurs in this industry. They've had more than enough time to adapt but choose not to so its time for them to go. The sooner the better.
The major traditional banks in the United Kingdom have kept a tight control on the market for many years. Despite multiple cases of data loss, theft, and customer complaints, there have been no viable alternatives for the everyday consumer. All of that has changed though, now that Fidor Bank is available to UK customers.
