33
TO ADVERTISE EMAIL: info@purleypages.co.uk
There's no denying that
we're living in a remarkable
era when it comes to
technological advancement-
my own role has been
completely reshaped since
I 昀rst started, and it's only
when you pause to re昀ect that
the scale of change becomes
apparent.
The banking sector, in particular,
has been profoundly in昀uenced
by technology. The sharp decline
in high street branches is a clear
indication of this shift. Today,
there are fewer than 5,000 high
street branches across the UK
(in 2023, there were 5,100 bank
branches open in the UK)1, a
dramatic drop from more than
21,000 in 1986 (14,689 bank
branches and 6,954 building
society branches2). The main
banks still maintaining a physical
presence include HSBC,
Barclays, Lloyds Banking Group,
NatWest, Santander, Nationwide,
and Metro Bank.
In recent years, we've witnessed
the emergence of 'neobanks'-
digital-only 昀ntech 昀rms offering
Monetary Solutions Limited
Airport House,
Purley Way, Croydon
Surrey, CR0 0XZ
Tel No: 020 8760 9940
Fax No: 0870 460 1737
Website: www.monsols.co.uk
banking services
exclusively via mobile
apps and websites,
with no physical
branches. In 2024 a
survey showed that
over half (86%)3 of
UK adults have used
online banking, re昀ecting
the rapid expansion of digital
banking.
Monzo, is currently the largest
neobank in the UK, it has
exceeded 13 million customers
as of August 20254, meaning
about one in 昀ve UK adults now
has an account5. This milestone
highlights Monzo's impressive
market footprint. Interestingly,
only 9% of adults are using a
neobank such as Monzo or
Starling as their primary debit
card provider.6
As for how this technology will
impact my work, I believe that
while digital tools continue
to transform how 昀nancial
advice is delivered, the need
for personalised guidance
remains. Clients will still require
someone to guide them through
At Monetary Solutions Ltd, you can
book a free initial consultation about
any 昀nancial matters, so please call
us on 020 8760 9940.
___________________________
The information in this article is for
information only and must not be
considered as 昀nancial advice. We
always recommend that you seek
independentvivian@monsols.co.ukore
making any 昀nancial decisions.
020 8760 9940
vivian@monsols.co.uk
This is an advert
by Vivian Slattery of Monetary Solutions Ltd
Banking evolution
the complex 昀nancial
decisions, knowing
the right questions
to ask, and
providing tailored
support will always
be an essential part
of the job.
So if you would like personal
昀nancial guidance why not
pick up a phone today and
book a free without obligation
consultation.
1Source: 昀nder.com
2House of Commons brie昀ng paper
Number CBP08570, 17 May 2019
3vervitech.com
4thedigitalbanker.com
5Finextra, 17th April 2025
6paymentscardsandmobile.com
oct 2025 .qxp_Layout 1 17/09/2025 13:07 Page 33