Manchester-based FinTech Frost Money has started beta testing, intending to launch in the next six months.
In Brief:
-
Frost Money plans to launch an online current account.
-
Its app will enable users to set up and manage their account, including direct debits.
-
8000 people have signed up, and some are now beta testers.
What does this mean?
With the challenger bank market hotting up and lots of app-based current accounts now available, how will Frost Money differentiate itself? The FinTech plans to use AI to help users find the best utility deals and switch providers from the app, as well as adding currency exchanges and the ability to transfer money with a phone number.
