Neobanks are changing Britain’s banking landscape

ANNE BODEN started her career in banking in 1981. After rising through the ranks, in 2012 she became chief operating officer at Allied Irish Banks. As she helped pick up the pieces after Ireland’s banks had blown up its economy, she started thinking that banking needed root-and-branch reform. And even as bankers were distracted by the aftermath of the financial crisis, the wider world was changing. “People were running their lives on mobile phones,” she says. “They were living on social media and buying music on Spotify, and financial services hadn’t caught up.”