Startup aims to take the hassle out of European banking
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Banking in Europe can still be a massive headache, despite all the advances in technology that are supposed to make everything run much more smoothly. Legacy systems are holding traditional banks back, which is why tech-focused startups such as Simple in the US are gaining traction and market share. Now Germany's Number26 wants to make opening and managing a bank account in Europe easier, with online verifications and real time bank statements. As it stands, opening an account can be an administrative nightmare, involving trips to the branch with passport, driving licence, utility bills and proof of address in hand.…
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