Ipagoo

We want to change things; we want to make them better. Banking has become a common discussion point in our everyday lives, but for all the wrong reasons. At ipagoo we would like banking to become so convenient, effortless and simple that it becomes something we take for granted. We often complain about things that do notwork, but with banking we have resigned ourselves to thinking it cannot be changed. It does not have to be like this. We are developing a fresh view of banking in Europe, addressing the problems EU citizens and businesses face when dealing with traditional banks. We do not put your money at risk. With ipagoo you will not need to worry if the economy is unstable, because we do not lend or invest your money so it is always protected. We address the problem of EU citizens travelling and changing their country of residence. Also the issue of limited competition in the European banking sector, limited because while Europe has in excess of 8,000 authorised credit institutions, each citizen, on average, only has access to a handful of banks. This is what we mean by a fragmented market. We have envisioned a better market, with more choice, more freedom and lower mobility barriers. The pillars of our vision can be summarised in six values: Simplicity: banking services should be, in general, clear and free from restriction across Europe, so banking must be as mobile as individuals are. Simplicity also means that the complexities linked to regulation are hidden from the client. We will present services in a clear and transparent way and make them easy to use. Cross Border: banking services should not stop at the border of your country. If Europe is a single market, banking services should follow citizens as they move. Mobile banking does not justmean having access to your accounts via your smart phone or tablet, it means having only one banking relationship for any country and in any situation. Freedom: freedom of mobility and choice. We want our customers to be able to choose which institution they want to use for an interest earning deposit, independently of whether they have a current account with us. Freedom of choice with no obligation to buy ipagoo products. We will be the first institution ever to offer an open-architecture retail banking service. Real-time: the internet has given us the concept of immediacy - things happening here and now. Everything on the internet is instant, so why not for banking? The reason is the lack of investment in technology by most banks. They use very old systems to which they have added some layers of modernity, but the core is the same as it always was. We use cutting edge technology and as a result we can make things happen in an instant. Innovation: we offer tools and features that have not been offered before now. This is mainly because banks have a technology gap that makes them unable to follow the user's needs and lifestyle. We use cutting edge technology to make your financial life more straightforward and safer. Security: we want to protect your money, not invest or lend it while it is with us. At ipagoo we separate our client's money from credit and investment risks. In the last financial crisis we would not have needed to be bailed out by any government, your money would have been safe with us. Not just the statutory €100,000 or £85,000 covered by the deposit guarantee funds, but all of it.