Money Box Live: Banking

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 3 January 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is a transformative time for banking. The last decade has seen an incredibly fast-paced increase in the use of technology and also a rapid decrease in the use of cash. High Street banks, where most of us have our money, have adapted. From branch closures to online accounts, we'll discuss how banking is changing.

We look back at the history of banking with Cambridge University Economic Historian Dr Victoria Batemen.

We’ll also speak to Dave Fishwick whose life story became a movie after he set up his own bank in his community.

And Felicity Hannah is joined by independent banking analyst Frances Coppola and Cat Farrow, Chief Operating Officer at Cash Access UK

Presenter: Felicity Hannah Producers: Sarah Rogers and Kath Paddison Reporter: Eimear Devlin Editor: Jess Quayle

(This programme was first broadcast on BBC Radio 4 on Wednesday the 6th of December at 3pm)

Transcript

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0:00.0	You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one.
0:06.5	I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds.
0:11.2	I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects,
0:16.0	relationships, identity, comedy, even one that mixes poetry, music and inner city life.
0:22.4	So one day I'll be helping host develop their ideas, the next fact-checking, a feature,
0:28.3	and the next looking at how a podcast connects with its audience, and maybe that's you.
0:33.6	So if you like this podcast, check out some others on BBC Sounds.
0:39.5	BBC Sounds, music, radio podcasts.
0:43.1	Hello, banking in the UK is going through a transformation.
0:46.9	But in today's Moneybox Live podcast, we're asking if it's working for everyone.
0:51.2	Do you prefer to deal with a bank in person in an actual building on the
0:55.3	actual high street? Or do you prefer it on your phone where your finances are at your fingertips
0:59.9	and you don't actually have to talk to anyone? We've been asking shoppers at a retail park in
1:04.3	Solford how they're doing it. Online, work off the app. I don't think you've actually gone in to use
1:09.6	a bank for a very long time.
1:11.5	Don't really use cash?
1:12.9	Online mostly.
1:14.3	Rarely have to go to the branch.
1:16.3	Well, digital clearly works for those people.
1:18.8	But at Moneybox, we know it doesn't work for everyone.
1:21.9	And that's what we're talking about on this week's program.
1:24.7	We'll also be chatting to the man behind the Bank of Dave, whose unlikely
	...

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