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Banks ‘tap to download’ to prove culture shifts

A City exec wants her Yammer-style app to help banks show regulators they're changing

The Rungway app, founded by Julie Chakraverty, senior independent director of funds group Aberdeen Asset Management
The Rungway app, founded by Julie Chakraverty, senior independent director of funds group Aberdeen Asset Management Photo: FN

Banks, under pressure to prove to regulators that their culture is changing, are trialling a new social media mentoring app that claims to provide a snapshot of how employees feel, behave and interact.

Rungway, designed to share career problems, management issues and working solutions, was launched in 2016 and founded by Julie Chakraverty, a senior independent director of Aberdeen Asset Management. At the fund manager, she chairs the risk committee and she is a former board member of Swiss bank UBS.

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