Fintechs, or financial technology companies, are touted as a threat to banks and a way to boost banking competition. But should the big banks be quaking in their boots?

However, we could definitely have saved money in a few places ... legacy systems with new tech to compete with newcomers like Revolut and Monzo, which entered the market on entirely new platforms.

In Money today: the UK economy unexpectedly contracted by 0.1% in January; British travellers won't have to pay for a visa to visit Europe until 2027 at the earliest, it is being reported ...