How To Manage Your Money The Modern Way

August 2017Words by Mr Jeremy Kingsley

Illustration by Mr Adam Nickel

With digital technology reinventing so much of the drudgery of daily life, it’s incredible how cumbersome and out-of-step modern banking can be.

I can order kimchi bibimbap to my sofa with a swipe and a tap, stream humanity’s greatest works to my phone on the bus, live-translate High Valyrian or video-chat far-flung relatives for free, but banking? It can still take two days for a credit card payment to clear and two months and 20 rounds of paperwork to negotiate a mortgage.

While there are some attempts by the established guard to innovate, little competition means there is little incentive for change.