"Back in the good old days, if you wanted to buy a goat, you showed up with a few coins, gave them to Betsy and you were done.
But since the birth of banking, moving money has become simpler and safer.”
@mrtrunin explains how exactly banks move your money today:
Sad indeed! More are likely to follow, there is probably space for a couple of new brands in the digital banking space. As the market matures most will be relying on being acquired as an exit strategy. Those with a strong differentiator will be able to st…https://t.co/TN9AK8dBHH
It seems that monzo doesn't intend to provide an API based on the open banking standard.
They obviously don't have to do so, only are required to provide an API that complies to PSD2.
I assume that complying to open banking specs would have added cost an…https://t.co/oEVWMGGJvH
Monzo Bank reaches 1M customers in the UK. That's impressive.
Below are some key numbers I have gathered.
- 20k new customers per week ==> 15% of new current accounts being opened in the UK
- £4bn spending via Monzo so far (I assum…https://t.co/PuSDy93xD5 https://t.co/hFp2xoJaQE
Interesting to see @ruchirr at the RFi Group global digital banking conference talking about how is Barclays enacting its transformation in the digital age. Focus is around people and culture and execution model rather than technology in order to achieve…https://t.co/fEiM59so4v
@barclays is launching its aggregation service on their main banking app. Congrats to the team and glad to have been part of this! I look forward to using it. https://t.co/1qWyMkkv8c
#AI#FrenchTech#UK#artificialintelligence
"New agreement will see countries’ leading research centres deepen collaboration
National governments sign five-year accord to work together to improve digital services
London start-up ac…https://t.co/D0x1IYkvNg https://t.co/NCgrVvhJ4m