Alex Letts

Alex Letts

Chief Unbanking Officer at U
Message Message me Posts: 13 Comments: 34
Bio Alex is Chief Executive at U Career History Alex was educated at Oxford, and was trained in consumer advertising. He has founded an ad agency (sold to Publicis), a tech trading platform (sold to Qatar Financial Centre), a personal finance business called Ffrees which has morphed into U.

Blogs

Fintech

Why I said No to a Bitcoin debit card

06 Dec 2017

I got a call from a trusted chum who has been a wonderful source of advice and inspiration to me in building our non-bank for the credit impaired. He is London-based, progressive, innovative and fearless. He also knows a thing or two about creating brands, with a globally successful one of his own. “Have you thought about doing a bitcoin debit c...

1

Disruption in Retail Banking

Why the banking model could break the UK economy. Part Two.

31 Jul 2017

In Part One I wrote about the problem with the UK banking model and why it undermines the UK economy. In summary, banks need to lend to make their current account model work; this helps a lot of people, but for a huge swathe society it can be less beneficial, encouraging a debt mentality and a debt spiral that many will never escape, nor repay. In...

1

Fintech innovation and startups

Why the banking model could break the UK economy. Part One.

25 Jul 2017

25 JUL 2017 Disclaimers: I am not a disinterested commentator. At my company, we compete with the model of the banks. We are not anti-borrowing. People need to borrow to fund all sorts of things in their lives. Credit is useful and often a force for good. In moderation. I am pro-bank. Without the banks, there could be no economy, no prosperity, no...

1

Disruption in Retail Banking

Moral decision-time for the Big Banks

15 Jul 2017

So, imagine you are CEO of a major British bank. You’ve got a problem to wrestle to the ground. Who do you really want to have as your customers? It’s not as easy as saying “anyone”, (which is the response the Regulator and Treasury demand that you give). And it needs to be clearly understood that making any money from current (checking) accoun