The ‘digital passport’ that could revolutionise British savings culture

In a bid to encourage us to save more, City institutions are developing a ‘digital passport’ that will make opening a new savings account as easy as buying a coffee.

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Tony Stenning of the Savings and Investments Policy Project: "We need to make saving easier"

Microsoft is among a clutch of high profile technology firms that have joined forces with over 50 leading City institutions to develop an app-driven digital passport' to make saving easier for consumers.

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Kam Patel

Kam is a former deputy editor at Hemscott Invest and online editor, City A.M and he was also previously the Digital Editor at IFA Magazine. Kam is currently a senior journalist at The Global Treasurer and contributes to MoneyWeek. Kam shares expertise on the FTSE 100, investing and global stocks.