In 2013, 70% of Brits had no trust in the banks. Interestingly, in 2014, a survey found that 80% of Brits trusted their bank if they used good technology.  Technology that embraces social collaboration like Facebook and Linked In.
It is clear the financial world is changing. Money matters to all of us and yet the financial industry has yet to experience the social revolution that has fundamentally transformed other aspects of our lives. The experience of the financial crisis has made us more suspicious of allowing other people to manage our money, but there is now a platform to change that.

Kerim Derhalli, Former Head of Global Equity, Deutsche Bank and with 25 years banking business behind him realised  that financial markets should no longer feel closed to the general public and last year launched invstr.

Invstr is the first app to deliver live market data and news that was previously only available to users of expensive subscription terminals like Bloomberg.
The app provides real live market data and news from 40 global sources including the FT and Dow Jones and is also designed to help people understand how markets work. Fun games let users play the market with other users, make predictions, understand and follow trends - but without losing real money and its as easy to use as Facebook.

Where even a rudimentary Bloomberg terminal costs thousands, invstr is free to download and an annual subscription costs $94.99 and includes live market data, news, market commentaries and research reports.

Since its availability on iOS and more recently on Android, Amazon and Blackberry OS last month, the app has been downloaded nearly 60,000 times.

On May 15th invstr will be making a big announcement. If you are interested in speaking to Kerim ahead of that, please let me know. Or if you want to find out more, please drop me an email.