A revolution in banking is coming | Tom Blomfield | TEDxLSE

In an age of ever changing technology, one particular important aspect of our lives has seemingly been left behind: banking. However, it seems we are now on the brink of evolving our banking system.
Tom is CEO of Monzo - a new smartphone-based bank. In 2013, he was nominated one of the top 5 Entrepreneurs under 30 by the European Commission. In 2016, he became the youngest ever CEO of a UK bank. He previously founded GoCardless, a fintech startup that has gone on to raise $25m. He blogs at tomblomfield.com and tweets as @t_blom.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

[@Mudhen2020]

I work in the banking industry and if any bank doesn't have up to the minute transaction history your customers will flee. 2-3 days out of date is non-existent in the States

[@barnetkattel9790]

I have seen a lot of talk recently on twitter and other places about the new ICO runecoin (lending platform) any review on that? planning to invest some decent amount.

[@chriswalker5747]

all very well but what about security. The traditional banks have spent a fortune on this matter so what security levels can be achieved with starter banks?

[@europeguide]

When u gonna provide service out of UK as well ?????

[@panashifzco3311]

Within a decade, the banking scene would be hugely different from what we are witnessing right now....retail banks may become completely obsolete.

[@markcovington2]

Love reading these comments........... Monzo just got a pre money valuation of £1bn

[@DisruptiveWealthCreation]

Monzo is good. The new kid on the block in USA is SOFI. No here in the UK yet but worth checking out.

[@jasondupisanie7318]

Balance out of date? I’m in Africa and my balance is live? What ancient technology is the UK using?

[@MrWoodyman68]

I have no idea what this guy is trying to say.

[@MrWoodyman68]

@UA-cam Censoring
Yes I do.
My banking is now done all 100% digitally.

[@partybiscuit]

Oh that was a non event. Give the corporate criminals more unfettered access to your life is what I got from that. Was hoping to see more about QFS.

[@Mareen2011]

why this guy is talking about banking? TED? the worst talk....

[@PauloHenrique-je1eo]

Nubank

[@silvexjr7203]

Vc prestou tbm? Como foi?

[@Tupira79]

Useless talk... The guy says nothing.

[@VitoriaSilva-ds6qq]

jojo

[@NixonRexzile-xz4sq]

so sad, he still think bank still going to exist.

[@motey1829]

Nixon Rexzile it does, I have a Monzo bank account.

[@VitoriaSilva-ds6qq]

Nixon Rexzile nojo

[@mtriay]

Banks have to exist... Otherwise who will access central banks