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This year I attended the 2 days of conference at Devoxx UK taking place in London on 10-11th May. This article is a summary of the notes I took during the second day. You can read the previous article talking about my first day. And if you’re interested in more details in a talk, you can watch the associated video.

Devoxx UK took place in the Business Design Centre in London

Deep Learning: The Future of Artificial Intelligence, with Matthew Renze

In the past, we had to explicitly program a computer step by step to get it to solve a problem (involving if-then statements, for loops and other logical operations). In the future, machines are going to teach themselves how to solve a problem on their own, we just have to provide the data.

What is Deep Learning?

Deep Learning is a form of Artificial Intelligence (AI) that uses a type of Machine Learning (ML) called an Artificial Neural Network with multiple hidden layers in attempt to learn hierarchical representations of the underlying data in order to make predictions given new data.

Machine Learning in essence is the application of Statistics to the problems of Artificial Intelligence. We are teaching machines how to solve problems by identifying statistical patterns in data.

Use (existing) Data -> to learn a Function -> in order to do a Prediction (on new data)

A neural network is a ML algorithm based on a very crude approximation of the way how we used to believe the brain and the neurons are working (the brain is still a black box for scientists).

An artificial neuron takes a set of inputs, applies a function to produce a set of outputs. We represent this neuron mathematically (i.e. inputs and outputs are numbers) so we can use it in a computational model.

A neural network is composed of several neurons organized into different layers: the input layer (the data we feed), 1 or more hidden layers and the output layer (the prediction). A deep neural network contains more than one hidden layer. Adding more than one hidden layer essentially allows us to model much more complex function than a simple single layer.

An example of Deep Learning

An example of deep neural network is a person recognition model based on a picture. The lower hidden layers represents more abstract shapes like geometric primitives (e.g. horizontal, vertical lines) while the intermediate layers are representing more complex features like specific parts of the body (mouth, nose, eye, etc.) and the highest hidden layer will represent the face and ultimately be able to identify the person. The accuracy is increasing as we are approaching the last layer and ultimately make a prediction.

Why are we talking about Deep Learning only now?

After all, the first ML algorithm Perceptron was created in 1957, more than 60 years ago!

• We live in the era of Big Data. In the past 2 years, we have created more data than the entire rest of human history. We never had so much data available, this data is essential to train complex models.
• Computers have never been so powerful: faster CPUs, more memory, solid-state drive. We can leverage the power of GPUs, matrix operations is something needed for video game graphics but also for ML. We also have access to distributed computing technologies where we can share the data processing between multiple machines.

What can we do with Machine Learning?

• Classification. We want to predict a discrete variable that can only take on a certain number of values. Is it a cat or a dog? Is this email a spam or not? Does this person have a cancer or not? What is the category of this article?
• Regression. We want to predict a continuous variable that has an infinite number of possible values. At what price should I sell this house? What is the credit score of this person?
• Text generation. Generate the title of an article, the description of an image based on its content, convert voice to text for automatic subtitles.
• Image generation. Simulate face aging, paint a new Rembrandt that even expert could not identify as a fake, create celebrities that look familiar but don’t exist, create an image based on a description.
• Audio generation. Make an algorithm talk to a human on a phone call (Google Duplex), change your voice based on a text (voice editing) to avoid recording your voice again in case you got it wrong.
• Video generation. Based on rushes of videos and audios from Barack Obama, create a new video with an AI-powered lip sync.

If you have browsed some of the examples above, you will probably find very challenging to differentiate between a real and a computer-generated content. That is quite scary when you think about it and we can barely imagine how it will be in 10 years!

How do I get started if I want to do ML in my company?

Option 1 – Deep Learning as a Service (Google Cloud, AWS, Microsoft Cognitives, IBM Watson…)
It involves a 3rd party company that owns the model and the data. Basically, you can query their API with your new data in order to make a prediction.
This option is good for narrow use cases, if you don’t want to reinvent the wheel and use an already trained model.
Pro: Simple, quick, inexpensive
Cons: Narrow, remote (e.g. you are not protected against network failures or latency), pay-per-use (if your usage increases, so will be the cost)

Option 2 – Deep Learning platform (Microsoft Azure, Cognitive Services…)
This option is good for custom use cases. You upload your data to train the model (transfer learning) then you can query an API to get your predictions.
Pro: Simple, quick, inexpensive
Cons: You need training data to train your model, remote, pay-per-use (per transaction for the prediction but also the transactions for the training)

Option 3 – Do it yourself (TensorFlow, Torch…)
To use if option 1 and 2 fail. You create from scratch your own algorithm, provide the data and host it yourself.
Pro: Custom (you can tune it as you like), local, private (in case you are dealing with sensitive data)
Cons: Complex, labor, expensive

Teaching kids about machine learning, with Dale Lane

Dale has created a website to teach kids about Machine Learning using the visual programming language platform Scratch. Scratch is a way to introduce programming to kids with a simple interface where you can drag and drop blocks representing programming operations (for loops, if-then statements…) and assemble them to create more advanced logic. Dale is using ScratchX (experimental extensions for Scratch) and has created new blocks related to Machine Learning (using IBM Watson under the hood).

He has invented many exercises so the kids can grasp the different concepts of ML using concrete and fun examples. The exercises are mixing text, number and image recognition. Each exercise is usually composed of a phase when you train the model from the web application, then you can evaluate the prediction with Scratch. You can also refine the training set and see the effects on the model predictions.

• Create a chatbot, e.g. an animal that can answer questions about its species.
• Predict the newspaper an article was extracted from based on its title.
• Make Pacman avoid ghosts by playing the game multiple times. The more you play and train the model, the better Pacman gets.
• Categorize images. Uploading images of cups and cars to train the model, so it can classify a new and unknown image to one of these 2 categories. Uploading images of book cover for different categories (sci-fi, romance, thriller…) then the model can predict the category of a new cover. To make it more interactive you can also upload images from the webcam, for example take pictures of your hand for the game rock / paper / scissors and play against the computer. The algorithm will recognize the shape you are doing with your hands if you train it enough.
• Recognize handwritten postcode to figure out which city the mail should be delivered to. That’s a good real-life example.
• Play where is Wally-like games. The computer automatically detects where Scratch the cat is located in a picture.
• And many other exercises.

Dale also mentioned the problems of AI:

• Issue with background, weather conditions. If it is obvious for a human, a computer can make silly mistakes if the training set is incomplete.
• The Russian tank story where the model was trained with high resolution pictures of American tanks but low resolution and blurry pictures of Russian tanks. It performs really poorly to identify tanks in reality.
• Google photo can add automatically text to describe a picture, some black people were categorized as gorillas…
• A model that can advise medicine but is sponsored by a pharmaceutical company. What if the company asks to add more references of its product in the training set, is that something right?

There are a lot of important notions around ethics, bias, model overfitting and the quality of the training set. It’s important that kids understand about these by themselves, and they usually do!

At the end, Dale gave use some links to go further:

• Machine Learning for Kids the website of Dale where you can find all the exercises.
• Teachable Machine from Google to train a model with your webcam.
• Quick, Draw! from Google to recognize a drawing.
• Moral Machine from MIT to judge different scenario involving a self-driving car.

Easy Microservices with JHipster, with Sendil Kumar N

This presentation was a live-coding session. I heard about JHipster a while ago but never had the opportunity to see it in action and the fact the project was initiated by a French developer was another reason to go.

JHipster is making the creation of new applications faster by generating the boiler plate code and dealing with most of the configuration (for example the configuration for Kubernetes, Maven POM files, etc.). It is a command-line tool where you can choose to create a monolith application, a microservice or a UAA (User Accounting and Authorizing service for securing your app using OAuth2). Once you have chosen your type of application, there are many options you can choose for your tech stack: frontend, backend, data source, build, logging, deployment CI/CD, service registry, documentation (e.g. Swagger), testing frameworks.

For the demo, Sendil has created a gateway application that was querying a microservice application. He ran the app locally and then deployed it on Google Cloud Platform (GCP) via Kubernetes, without having to type a single line of code.

Decide the frameworks and technologies you want to use will probably be the tough part as there are so many options. Also you have to keep in mind you need to fine-tune the configuration (e.g. the default config they provide for Kubernetes may not suit your needs).

Troubleshooting & Debugging Production Microservices in Kubernetes, with Ray Tsang

Ray shows us a little Guest book application where a user can post a message with a name (Guestbook service) and also get greetings after posting (Hello service). This is a Spring Boot application deployed on Kubernetes, and made of an UI and 2 microservices (each one with multiple instances). A 500 error page was showing up when he tried to access it indicating null and a 404. This time, it was not a demo effect or an illustration of Murphy’s Law and was part of the presentation. He went through the process of debugging the issue step by step using a variety of tools provided by Google Cloud Platform.

Looking at the logs, he was able to identify 2 instances of the UI service that were having a lot of errors compared to the other instances. Kill/restart them is not the solution as it won’t prevent the error from happening again. So he decided to get one of the faulty instances out of the load balancer with one command in kubectl (a command line interface for running commands against Kubernetes clusters) by changing the serving flag to false. The idea is to isolate it from production traffic and be free to debug it. Note that by disabling the instance, Kubernetes automatically spins up a new instance of the service. Then he configured the port forwarding on this pod to be able to query this specific instance locally. With Stackdriver Trace, he was able to see the call tracing. Filtering on 5xx errors and the particular instance, he then realized an issue occurred at the Hello service level where the hello endpoint is called but responded with 404. It seemed to be the case when the name was missing. To confirm the behaviour, he added some logging on the fly to display the name, and indeed it was empty and the app was failing. Basically, some validation was missing on the form to make the name mandatory.

To recap, we can mention the 4 main debugging tools provided with GCP:

• Browsing and querying the logs with Stackdriver Logging (a Splunk-like tool)
• Tracing all the calls with Stackdriver Trace (a Zipkin-like tool)
• Adding debug logs and breakpoints on the fly to a prod instance with Stackdriver Debug
• Having the history of errors in the logs plus various metrics on the services (response time…) with Stackdriver Monitoring

It was a nice presentation but I can just regret that the title was not mentioning the fact the demo will mainly use Google Cloud commercial tools, I thought it will be more focus on Kubernetes. But still worth it to know what Google is providing. I have to admit that playing with breakpoints and adding logs in the code of a remote prod instance, all from a web interface, was quite impressive.

Fully serverless, a case study, with Stephen Colebourne & Chris Kent

At OpenGamma, they have created a new financial platform built on AWS and decided to use serverless technologies (AWS Lambda).

What is serverless and Lambda?

Serverless is basically when the infrastructure is invisible, you don’t know where the code runs and you don’t have control.
An AWS Lambda is basically made of 2 classes: a simple interface and its implementation, where you implement the handleRequest method. The Lambda terminates once the method completes.
You package the code in a JAR (that includes all the needed dependencies) and upload it in AWS to be run.

How can you trigger a Lambda?

• You can use CloudWatch (CRON-like).
• You can use an event. It can be a REST API call, a file is saved in AWS S3, a message arrives in a queue, a row is added to a table or a call directly from another Lambda.

Limits, limits everywhere!

When working with Lambdas, you have to be very careful with the AWS Lambda Limits.

• A default timeout of execution: 5 minutes
• A maximum amount of memory you can use: 3GB
• A maximum size for a JAR file that you can upload: 50Mb
• A maximum of disk space you can use: 512Mb

For some specific heavy processing, they hit most of these limits and they had to find different ways to handle it:

• Use AWS Batch instead which includes serverless features too, the only downside is that they cannot trigger the process instantly, i.e. when you submit a batch job, it will be processed at some point but you cannot assume it will be instant (can be in 2 or even 10 minutes). This limitation was fine for them, obviously this won’t work for everyone.
• Split and pre-process the data as much as possible before passing it to the Lambda. The Lambda should not do any of this time and memory consuming pre-processing. Also as the data is loaded on demand, it introduces some latency but it was acceptable for them.
• Instead of passing a copy of the data between Lambdas which can be memory/network consuming and costly, they save the data in S3 and then use the reference to it (metadata).

They have ended up with 4 services, formed of a total of 23 Lambdas and 2 Batch.

Lessons learned

The automatic scaling with Lambda is the main benefit. It is totally transparent and managed by AWS. When there is a lot of requests, Lambda are created and share the load. When all requests have been processed, the Lambdas are scaling down (to 0 when idle). However, it’s not a silver bullet because you can have a bottle neck at another level of your system (e.g. your data store is too slow) and you will not be able to fully leverage Lambda scalability.

A downside of the Lambdas is the cold start, it takes time to start. In fact, a Lambda is not really destroyed after it completes, as it can be re-used for the next request, AWS has a keep-alive mechanism, which means Lambdas typically live for few minutes after they execute. They decided to call the Lambda with a bit of code every few minutes to keep it available and “warm”. Obviously, it’s a hack and it’s not guaranteed that it will still work in the future, but Chris told us it was quite common…

For the debugging, things are not easy, you need to deploy to AWS to test, it’s hard to debug. Nowadays there are libraries and frameworks to help you do that.

The logs from the Lambdas are going into AWS CloudWatch Logs. This tool is not great for usability so they have created a Lambda to copy logs from AWS to a dedicated log aggregator tool: Sumo Logic, a Splunk-like tool. For the alerts and monitoring, they use CloudWatch Metrics and they have set up alerts in Sumo Logic too that makes it easier to find the logs.

Building from small simple pieces pushes the complexity elsewhere at the infrastructure level (during build time) and also the interactions between the components (during run time). The monitoring and alerting is also more complex as the system becomes even more fragmented. It is important to keep in mind that a Lambda has very restrictive limits, go above one and your Lambda will be killed. Note that the limits are evolving and are lifted overtime. The technology is still young and the tooling and frameworks available is quite limited, but given the level of excitement around Lambda, it’s clear that it’s going to improve.

On the other hand, you don’t need to think about servers and maintaining them. The scaling is transparent and automatically handles the load. You have large potential cost savings using Lambda, for example, in case your system is country-specific, you know that the traffic will be very limited at night hours. Finally, the programming model is very simple, just a JAR file, just a function.

This second day at Devoxx was great, especially the talks in the morning about Machine Learning. I came out of these 2 days with a lot of innovative ideas. Thanks Devoxx UK and maybe see you next year again!

Closing Keynote - Thanks Devoxx UK!

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This year I attended the 2 days of conference at Devoxx UK taking place in London on 10-11th May. This article is a summary of the notes I took during the first day. If you’re interested in more details in a talk, you can watch the associated video.

Devoxx UK took place in the Business Design Centre in London

A Future without Servers, with Danilo Poccia

How to build the best software with the best user experience?

Work backwards from the customer and before starting any implementation:

1. Write a Press Release
2. Write the FAQ
3. Define the Customer experience
4. Write the User manual

The idea is to get your system simple. A complex system was simple at the beginning, it became complex!

Architecture is changing:

• 10 years ago: we are splitting our monolith applications using XML and SOAP for the communication
• 5 years ago: we are creating micro services architecture using REST/JSON or binary protocol for the communication
• Now: we are building event-driven architecture with ephemeral functions

What about the data?

Data repositories are becoming a source of events. Each event is an immutable information about business.

There is a shift from ACID (Atomic, Consistent, Isolated, Durable) to ACID 2.0 (Associative, Commutative, Idempotent, Distributed).

With event-driven design, we think cause / effect instead of triggers: “Service B is caused by A” instead of “Service A triggers B”. We use notification and acknowledgement mechanism.

So what does the future will look like?

We will write only business logic code!

Let’s Get Lazy: Exploring the Real Power of Streams, with Venkat Subramaniam

Venkat Subramaniam is a very good speaker. It was the first time I was hearing him and I was impressed by his way of presenting, I suggest you to watch one of his videos.

Haskell is a lazy language by default. With Scala, it’s possible by using the keyword “lazy”. But what about Java? The keyword “lazy” doesn’t exist but it’s possible with functional code and streams introduced with Java 8.

Imperative code has high ceremony and has accidental complexity. You tell what to do and how to do it.

Functional code has less ceremony and less complexity. You tell what to do. It is very easy to read from top to bottom.

However, if the code is “cute”, it may not be sustainable. So what about performance? E.g. Do we compute all the collection to take only the first one? FindFirst() is the terminal operation of execution. Until we call it, nothing (i.e. all the intermediate operations) will be executed.

Stream does not execute a function for every object in the collection, instead it executes a collection of functions for every object, but only as needed.

Stream is not a collection of objects, it’s a collection of functions.

Lambda are stateless.

List<Integer> numbers = Arrays.asList(1, 2, 3);
Stream<Integer> stream = numbers.stream()
                            .map (e -> e * 2); // This is a lambda
stream.forEach(System.out::println);

Closure carry immutable state, be very careful when using them.

List<Integer> numbers = Arrays.asList(1, 2, 3);
final int factor = 2;
Stream<Integer> stream = numbers.stream()
                            .map (e -> e * factor); // This is a closure
stream.forEach(System.out::println);

Laziness makes the use of infinite streams possible, otherwise the program below would be an infinite loop.

Stream<Integer> infiniteStream = Stream.iterate(0, e -> e + 1);
List<Integer> numbers = infiniteStream 
                          .limit(5)
                          .collect(Collectors.toList());

Kotlin for Java Programmers, with Venkat Subramaniam

I stayed in the same room as I really like Venkat’s first talk. With the same way of presenting, this second talk was very good as well.

As I never experiment Kotlin, it was a nice introduction for me. This JVM-based language is really getting popular these days, especially since Jetbrain is pushing it to be the main language for Android programming. Venkat gave us a lot of different tricks to make the code concise and suggest us to play with it ourselves using the REPL (kotlinc). No doubt it is less verbose than Java and comes with very nice features (including null safety and the lazy keyword…). I will probably give it a try at some point.

How to use AI and Java to train your application to recognize people by name, with Ruth Yakubu

Ruth introduced us Microsoft Face API running on its cloud computing platform Azure. Face API is one of the “cognitive” services Microsoft provides, e.g. there is a service to recognize speech and process natural language.

She showed us an application written with Spring Boot that is interacting with Face API. First, she uploaded a set of pictures of the actor Matthew McConaughey (if you don’t know him, he was the main character in Interstellar) to train the model. Then she uploaded a new picture of him and his wife that the system did not know yet. The algorithm recognizes that it was the actor with a high precision while it did not know who the woman was but it was able to give an accurate description of her (smiley woman in her thirties, etc.).

It is possible to build your own Machine Learning algorithm with Java, for example using the library DeepLearning4J. When creating a model, it is important to separate the data into 2 groups, training data (80%) and test data (20%) so you can verify your model has a good prediction. It is also important to use GPUs not only CPUs to improve the performances, now the libraries are taking advantage of this, including DL4J.

Building a self-driving RC car, with Tim van Eijndhoven

It was an interesting talk to create a self-driving (toy) car based on a Radio Control (RC) kit. They build this prototype as part of a challenge. The idea is to get the car to drive autonomously and follow an itinerary (a path delimited by 2 white lines) with potential curves and obstacles.

If Tesla can do it, why not us? At our scale, of course…

On top of the RC kit, they added a Raspberry Pi, a power convertor/supply, a camera and a safe shutdown (useful when the car gets out of range of the WiFi so it doesn’t crash somewhere…). The total budget is around 300 euros.

Regarding the technologies they use:

• Vert.x, reactive application on the JVM, event driven and non-blocking
• OpenCV library (Computer Vision) to process the video stream in real-time and make sure the car is following the white lines

There are a lot of things to think about, the environment is probably the most challenging. The algorithm can get lost depending on:

• The surface (patterned carpet, tiles, dark road)
• The weather (sunny, rainy, the program is very sensitive to brightness change)
• And other random things (window reflection, mirror effect)

They have many ideas of improvement for the future:

• It is not needed to analyze all images coming from the video stream (especially on a straight line). Currently, they analyze one image every 100ms (why 100ms? because it takes this amount of time to process one)
• It is not needed to analyze the whole image (some part can be discarded, what is above the horizon is not needed)
• Having the computation done on the car itself instead of a laptop over the WiFi, to avoid network latency (however the computational power of Raspberry Pi can be limited)
• Use AI and deep leaning algorithm so the car gets better at navigating using a training set: videos when the car is remotely controlled by a human (however it can take ages to build many tracks and take many videos)

Cloud Native Java, part deux, with Josh Long

Josh is Spring Developer Advocate at Pivotal, it was the first time I was attending one of his talk. I really enjoyed it and I was very impressed by the speed of speech and coding simultaneously without forgetting multiple jokes. Such a brilliant speaker.

Josh used https://start.spring.io/ to generate a little project to manage reservations using Spring Cloud (built on Spring Boot). Why you should use this online tool to initialize your project? Watch the video to get the answer from Josh, it was hilarious!

He chose Kotlin for the service (because why not?) with some endpoints to get messages and reservations using a MongoDB reactive datastore. The service was loading some data in a react way during the start up.

He chose Java for the client using various technology coming out of the box with Spring (Eureka, Spring security, Hystrix for internal load balancer and fallbacks). The client was able to query the service to retrieve the data.

At the end of the demo, he also shows us some serverless architecture using RIFF, a FaaS for Kubernetes. He wrote a function to make a string uppercase, then using the command line to invoke the function deployed in Kubernetes. He did not have the time to show us the call from a service, but we got the idea.

My first day at Devoxx was great, this year I tried to attend more innovative talks about Serverless and Machine Learning, a mix of live coding and theory. I will post my summary of day 2 soon, so stay tuned!

#DevoxxUK letters in the hall

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For this first article of the year 2018, I will present 3 financial services proven and used by myself for several months, even years. They allow me to make significant savings on my foreign currency transactions by avoiding the high fees of traditional banks. This article is in no way sponsored, but I have allowed myself to include some referral links.

For those who know me or follow me, it’s been a while since I live in England, 3 years already! I also travel abroad to discover new countries, new cultures and incidentally escape from the London Fog…

After arriving in England, I quickly needed to open a local bank account where the currency is, of course, not the Euro, but the Pound Sterling.

To deposit money into this account (while waiting for my first pay), I had to transfer money from my French account to my English account. In the pre-Brexit era when the Pound was very strong, it was a little painful… And like if it was not enough, my bank would also take its share with a rather exorbitant fee on my transfer. To avoid being ripped off twice, I looked on the Internet and browsed some forums looking for advice. I quickly decided to choose TransferWise.

The principle is simple and based on common sense. British people sometimes need euros, for example when they travel in Europe; conversely, European people need pounds when they come to England. TransferWise allows you to link these requests by acting as an intermediary. The company has accounts in different currencies and distributes the amounts between people. For example, for a transfer of 1000 euros to a British account (so about 900 pounds at the moment), the system may need 2 people (one person who wants to convert 400 pounds in euros and another who wants to convert 500 pounds in euros) or 3 people (who want to convert 300 pounds in euros each) or 9 people (who want to convert 100 pounds each). I guess you understand how the system works!

Once the account of TransferWise is registered with your traditional bank (this may take some time depending on your bank) and the transfer has been made from your original account, you will receive the money quickly in your destination account (usually in 1 day).

You will not be charged because your original account and the TransferWise account are using the same currency. It’s not a big surprise that TransferWise will charge a fee, but almost insignificant (e.g. 5 euros for a transfer of 1000 euros). You can do a simulation on their site, the fee is proportional to the amount transferred.

More recently, TransferWise has set up the borderless account. With this “multi-account” you can receive transfers in different currencies in a transparent way, you just need a click to activate a currency and get your corresponding local bank details (IBAN / BIC) that you can then forward to to the person who owes you money. Since April 2018, you will receive a debit card so you can use it to pay anywhere with your borderless account.

It is important to note that the transfer is executed at the market rate. Since you decide when you want to make the transfer, it is wise to do it when the rate is the most advantageous for you. In my case, it was much more interesting to make pound-to-euro transfers before Brexit.

Also in my example, I mentioned the Pound and Euro exchange, but many currencies are supported: the Swiss Franc, the US Dollar, the Japanese Yen, etc.

Feel free to look for yourself and use my referral link to open your account (and your first transfer will be free).

If you can use TransferWise for money transfers between accounts, how can you manage your expenses on the spot when you are travelling around the world? Who has not already paid a high fee when withdrawing abroad or when paying the bill at a restaurant? Who has not already made a large withdrawal at an ATM to avoid fixed costs, taking the risk to walk around with a large amount of money?

Opening a Revolut account makes perfect sense. It’s an online bank, which means that you won’t find any physical offices, you manage everything yourself from the application on your smartphone: from changing the PIN code to the deactivation of the card, or the change of your address. Revolut is free, you just have to pay a small fee (5 euros) to receive your multi-currency debit card at home.

You can convert currencies in advance from the application to ensure your exchange rate (advanced use) or it will be automatically calculated in the country according to the current rate and usage of your card (personally, I find it sufficient). The exchange rate is very low and matches the interbank rate (it is therefore a very low rate close to the real one without extra fee).

Revolut strongly advises its customer to keep an account in a traditional bank in case the card is not accepted, it is a Mastercard so it should not be a problem, but you will probably be happy to have your good old Visa card on hand, just in case.

The mobile application is well made with a breakdown of your expenses by category, an instant notification on your smartphone for each expense (useful for a contactless payment to verify the amount), the possibility of refunding another person instantly or share an expense easily.

I take the example of trips abroad, but nothing prevents you from using it every day by topping up your card regularly. You will be able to see your expenses by category, month after month, and refine your budget.

Wondering where is the scam? Well, it’s like TransferWise, there is not really a catch! But there are withdrawal and card payment limits (daily, weekly and monthly). Frankly, unless you travel for 6 months a year or you are really bad at spreading out your expenses, it should be enough for you. It is still possible to subscribe to the premium option to increase the limits and access additional services.

Revolut is a young, fast-growing company available in several countries. New features are added every month (cryptocurrency exchange, insurance, credit, etc.).

Again, feel free to have a look for yourself and use my referral link to open your account. There is very little chance for you to regret it.

Last but not least, Monzo is also an online bank. It provides a very similar service to Revolut, so you will receive a Mastercard card to make payments in different currencies at the interbank rate.

I must say that I use it for longer and more regularly than Revolut. Unfortunately at that time, the service is only available in UK. Unlike Revolut, there is no charge to receive the card, there is no premium option available, and it’s totally free. However, there is a waiting list to open an account (a few weeks at most).

They are still in a beta test phase, but it’s been a year since I am with them, I had no problem. It’s a bit like Gmail which has been in beta for years… However, it is possible that Monzo change its business model and start charging its users when their customer database will be big enough, hard to say, but as long as the service is free, you may just try it!

Unlike Revolut, Monzo focuses exclusively on the multi-currency expenses and reporting aspect, you won’t find any insurance, crypto exchange or other services. But what it does, it does it very well! Personally I find the smartphone app a little more convenient. They have limits too, but higher than on Revolut.

In my case, using both services and having 2 debit cards indirectly raise the limits. Also, it is possible that a Revolut card does not work in a place abroad, while it works with Monzo, and vice versa.

Once is not custom, I did not look at the technical side, but the post is still about new technologies in the banking system, I hope you’ve found the reading interesting. It also shows that small startups (Fintech) can move the lines of the banking landscape and shape our future. It is critical for traditional banks to constantly innovate to stay in the race, not sure they have all made the shift in time, and the customers of yesterday are no longer the young people of today.

And perhaps you will embrace online banking through your smartphone and even save some money… At least I don’t see any reason not to try!