Published: 16th Jul 2014

Jennifer Tankard kicks off a series of articles from members of the Community Investment Coalition explaining why it’s time for a revolution in community finance We are seeing a revolution in the way that people use financial services. For years people have relied on a combination of cash, cheques and directs debits to manage their money, using one bank to manage current, savings and mortgage accounts and increasingly, because of bundling, taking out insurance with the same firm. But now it seems every day there is a new innovation to improve the speed and accessibility of financial services. The British Bankers Association (BBA) this month reported that millions of customers are now using contactless cards, payment by mobile and SMS balance alerts. In 2014 the rate of adoption of digital banking has grown strongly with more than 15,000 people downloading banking apps a day. The main high street banks are innovating to provide … (To read the full article, subscribe below)