Starling Bank is a UK challenger that looks more like a Silicon Valley start-up than a traditional bank. It offers accounts that can be opened on mobile in minutes, full banking licence functionality and a focus on taking ownership of your finances. Starling Bank might just be the financial institution to earn the trust of Gen Y.

Since the financial crisis put banks in the hot seat, they’ve been fighting to win back people’s trust and affection. Canvas8 spoke to 20 men and women to understand what could persuade them to willingly engage in the life admin of switching banks.

A survey has found that, despite their reputation for being digitally savvy, young people are being scammed out of their money more than any other age group. As online banking becomes the norm, businesses have an opportunity to help this cohort adopt better financial security practices.

NatWest has revealed plans for Mimo, an app-based personal finance assistant. Expected to be fully rolled out by the end of 2019, NatWest anticipates the service will meet the demands for aggregated information and day-to-day conveniency from mobile banking interfaces.