The Death of the Chequebook – How Finance Technology has Evolved

by Ivan WidjayaTechnology
Chequebooks are seldom seen in society today, with the convenience of contactless cards taking over by and large. There were only a total of 405 million cheques processed in the UK in 2018, down from over 4 billion in 1990! This is largely by design, as many banks choose to phase out chequebooks entirely by introducing a number of hurdles that didn’t exist before. This means that those who still rely on using cheques to pay their bills are being forced to adapt to survive, but online banking is not the complicated experience it once was.…

Banking in The US and UK: What’s the difference?

by Ivan WidjayaOthers
The very first notion of banking can be traced back to 2000 BC, when grain loans were conducted between farmers between cities. In the Roman Empire, lenders based in temples started to accept deposits and were able to change money. However, banking as we know it didn’t start to come into play until the medieval era, when the Bardi and Peruzzi families set up banks in many parts of Europe. Banking today mainly takes its lead from the Bank of England, which was established in 1694.…