Banking Without Borders
Banking Without Borders is a podcast about modern money — from digital banks and cashback cards to savings, credit cards, FX, global accounts, and the financial products reshaping how people manage money in the UK and beyond.
We focus less on hype and more on what actually matters: who a product is for, how it makes money, where the trade-offs are, and whether it’s genuinely worth using.
If you want clear thinking, real-world context, and fewer buzzwords and less BS when it comes to banking, cards, and personal finance, this is the podcast.
Banking Without Borders
Broken Britain: Why UK Fintechs Are Jumping Ship (July ‘25 Recap)
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
July was not a good month for the UK’s fintech scene. Revolut is still stuck waiting for its full banking licence, Wise is officially moving to New York, and Starling looks like it might follow. Meanwhile, Klarna is expanding, Chase is moving into Europe, and Monzo just got hit with a £21 million fine.
Is this just a series of bad headlines, or are we watching the start of a fintech exodus?
In this month’s recap, we break down everything that happened, explore what’s driving this shift away from the UK, and explain why it matters.
Connect with us (via LinkedIn)
Jan: https://www.linkedin.com/in/jan-watermann/
Jonny: http://www.linkedin.com/in/jonny-pease
Got a question or topic you want us to cover? Drop us a message at jonny@technicallymoney.com
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Unknown
Okay, so we have a lot to discuss from July. Firstly, Revolut. They're still stuck waiting for a full banking license.
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Unknown
Wise is officially ditching London for New York.
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and Starling Bank. Looks like they might just do the same.
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Unknown
Then there's Chase UK. They're expanding to the European Union.
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Unknown
Klarna just got approval to issue a debit card,
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Unknown
which I don't think anyone cares about.
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And Monzo have been hit with a 21 million pound fine.
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Unknown
So what's going on? Are these just bad headlines, or is the UK actually losing its grip on one of the few industries that we've been leading in?
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Unknown
We'll also end today's episode talking about the latest and greatest savings rates from the UK and the European Union, which Yann will cover.
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Unknown
But first, if you enjoy our videos or the podcast, please do consider subscribing. It just takes a click of a button but it can really help our channel. So thank you in advance for that.
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Unknown
Yann. Shall we begin talking about Revolut?
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