âDeclining footfall in bank branches and the explosion in digital banking, led by both high street players and a crop of start-up rivals, are changing the shape of the banking industry.â
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Too little too late. Probably.
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You think?
I reckon if you asked 10 million people if they wanted to bank with a high street bank (the digital version), vs a fintech, the majority would choose the high street bank.
I think we are absolutely years away from the fintechs being the norm, and my fear has always been that in 10 years time, the high street banks just end up at the top again (all be it with much better tech).
The fintechs can move quicker, but I donât think they appeal to the broader audience yet (by quite some margin).
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I meant too little too late in terms of being innovative and ahead of the game. Even HSBC are miles ahead.
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Ahhh gotcha.
I donât bank with Lloydâs, but from what I hear they have a pretty decent app?
My biggest gripe with the high street banks is the red tape for âprocessesâ that the fin techs generally do very well.
The only thing is they donât have to be ahead of the game because for them, in my opinion, is to slow down the rate of losing customers not gaining the new ones. At least that could be part of it I think. If they revolutionise I wouldnât be surprised if the rate of people signing up for fintech would decrease
The app for personal banking isnât bad. Transaction notifications, and handling Pending transactions the same was as Monzo/Starling are the two big missing features. I think you can even take a photo of a cheque to pay in.
The business account app is poor though, very behind the personal one, and not even updated for iPhone X yet.
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2k employees is huge; itâs going to be a disaster. I canât even imagine how you would split the work across 2k people.
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I think you may have misunderstood. There will be 2k more, 8k in total
I canât comment on the actual details. But I think itâs social irresponsible reporting that theyâd print this before staff are even briefed about whatâs going to happen to them
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The same thing that I said about Nationwide investing 4 billion in tech applies here too. Iâll grab popcorn and drinks and enjoy watching the upcoming disaster from a distance.
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As the younger generation ages they will bring their fintech with them and it will become the new normal. The generation following them will not see it (e.g. Monzo) as new, they will see it as the normal.
Oi! Who are you calling the âyounger generationâ! 
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I donât know the facts, so this is just my opinion based on my own experience.
But the younger generation typically donât care about banking (if we are talking about those 16-25 year olds).
The only people who really know about the fintechs (in my world), are the over 30âs who are looking to improve their financial set up/banking.
Even then⊠the majority couldnât even name a fintechâŠ
Itâll be fascinating to see what dent these fintechs can make in the banking industry, in say, 10 years time!
I think many many fintechs will disappear, itâs the reason I donât tend to invest in them, but a few will make it to the mainstream and change the landscape (and make lucky early investors very wealthy), Monzo feels like one of those, but I may have my own rose-tinted goggles on.
As you say, letâs see in 10 years 
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This article back from March is a good indicator of what Lloyds consider the future holds - note the claim to be the largest âdigital bankâ in the UKâŠ
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hot-coral-tinted ? 
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Iâm not a typical 22 year old then
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Interesting article on the first (public) Lloyds play in this area:
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Interesting! Looks like theyâre either testing it with the Intelligent Finance brand before maybe migrating larger brands onto it, or theyâre going to use this brand as a new challenger style bank.
I thought migration was very expensive?
It almost certainly is. But on the long run itâs more expensive not to.
Theyâve got the right idea in starting small, but Iâd probably still want to do single figures, then hundreds in batches⊠No one wants another TSB. 
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