In the face of a rapidly changing world, more and more banks try to keep pace with the expectations of modern consumers. Undoubtedly, so-called challenger banks are in the forefront – and the British Tandem Bank is among them.
An “app-only” bank, Tandem focuses on giving its customers faster, more personalized, full lifestyle banking experiences. It provides a selection of banking services, which tend to simplify and personalize finance management. Bank apps great user-friendly design, intuitiveness, and quick performance really appeal to today’s consumers, especially millennials.
Leveraging AI-driven analytics, bank provides its clients with valuable insights into their spending as well as actively seeking better deals to help them save more money. For example, the bank always alerts the clients when their bills increase, or a payment comes in – letting them have more control over their budget.
The Tandem Bank company is also embracing new regulations, such as PSD2 – seeing it as a step towards a better open banking world and the opportunity for broadening the banking offer.
The uniqueness of Tandem Bank’s offering, combined with the effective use of customer’s individual data, results in a lifestyle kind of a solution, which has the potential to change the way we think about financial services.