Wont it just Graham!
Don’t get me wrong i’m the first to moan about aspects of legacies when they’re poor. BUT i think there’s a common misconception that everything they do is junk - and i don’t believe thats the case. Not to mention they’ve an entire product range which could be integrated. They just need to improve.
Course they’ve been lazy and not very innovative because they’ve not really had to compete. But i think that is starting to change. Plus they’d likely have enough funds from closing just a few branches to either buy a newcomer, launch their own or use marketing spend on attracting/retention.
This was very interesting info to come out of event yesterday.
According to the live counter there’s roughly 600k accounts live. But as present only 15% are having salary paid into. I doubt starlings % is wildly different either.
And these/we are early/early’ish adopters - who might just early adopt a natwest (insert other bank here) startup instead?