Why does it cost so much to move money? If every record is computerised, if all the movement is recorded electronically, then why the fees to get money out of a different bank’s ATM? Why the fees to spend your money in another country? Is it that expensive to move money? And does it need to be anymore?
On today’s show, Brett King hosts Bill Barhydt of Abra, and Shachar Bialick of Curve – two fintech companies trying to solve this issue, making it better, cheaper and smarter to use your money where you are and how you need.
Also, Penny Crosman joins from American Banker to give a news overview.
You can listen to more episodes of Breaking Banks, and other fintech shows, on the BankNXT podcast page. Enjoy!
– This podcast is reproduced with kind permission. Some minor changes may have been made to the text to reflect BankNXT style considerations, but the podcast itself is always unchanged. Photo by Who is Danny, Shutterstock.com