What are you ? The name ’ s Assets . Intangible Assets , the secret to getting a competitive advantage in banking . You sound like one of those awful business buzzwords that get bandied about . That ’ s because your mindset is outdated . Banking isn ’ t about bricks and mortar anymore . Did you know 71 % of customers bank online now ? That doesn ’ t help me work out what you are . Well , basically , I ’ m everything that transcends the strictly physical : company culture , values , training opportunities , rewards , engagement , well-being … Okay , okay . I see your point . But surely if we ’ re making money , that ’ s all that counts ? Do you need glasses ? Because that ’ s very short-sighted . 90 % of millennials said they ’ d switch brands based on their values . Yes , but our employees … And 62 % said they ’ d take a pay cut in order to work for a more responsible company . It ’ s time to seriously think about what your bank stands for . I don ’ t know . I haven ’ t really thought about it . Sounds like it ’ s your assets that are truly intangible .

� MOLLIE An outstanding $ 800mn Series C funding round saw the Dutch fintech reach a new valuation of $ 6.5bn . Investor Blackstone Growth called Mollie “ one of Europe ’ s most exciting high-growth businesses .” � TINK Visa has acquired Swedish fintech Tink for the sum of $ 2.15bn . A leader in the European Open Banking scene , Visa ’ s acquisition could be a harbinger for the next stage in both Tink ’ s history and data-driven financial services . � WAHED Islamic fintech Wahed has brought industry expert Umer Suleman on board to lead its UK-wide expansion plan . Suleman was previously at UKIFC , Daiwa Capital Management , and EY . � MONZO Along with three other UK & Eire banks , Monzo has been issued a warning by the CMA for failing to deliver customers bank transaction histories in a timely manner . These records are essential for credit and mortgage applications . � WHITE SQUARE CAPITAL Among the hedge funds that bet against GameStop during the infamous short squeeze event in January 2021 , White Square Capital is now the first to shut down as a result of its losses .

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