Post Tagged with: "challenger banks"

Users Hit 65K Mark at U.K.’s Monzo

Users Hit 65K Mark at U.K.’s Monzo

by November 8, 2016 at 5:13 pm 0 comments

LONDON — British challenger bank Monzo‘s new customer acquisition rate appears to be hockey-sticking. Tom Blomfield, co-founder of the new bank, told Bank Innovation today here that Monzo’s weekly — yes, weekly — debit-card customer growth rate hit 8.7% last month. Blomfield said Monzo, known as Mondo until August, nowRead More

Secco Bank and the Future World of MyDigitalAssets

Secco Bank and the Future World of MyDigitalAssets

by September 22, 2016 at 2:00 am 0 comments

During a webinar focused on Digital Wealth Management for one of our clients, I thought that I would poke the audience by discussing a Future World in which we all create wealth by investing in our Digital Assets. I started by referring to MyCreditScore, as a Digital asset, only becauseRead More

The Tipping Point for UK Challenger Banks

The Tipping Point for UK Challenger Banks

by March 8, 2016 at 1:54 am 0 comments

Bank concentration is a problem in many markets, but it is particularly acute in the UK where the Big Four control 77% of the consumer market and 85% of the SME market. Despite many attempts by government and the private sector for many years, nothing has changed. This research noteRead More

The Digital Wallet User Experience Will Have to Pass the Toothbrush Test

by March 24, 2015 at 4:45 am 1 comment

A digital wallet could be a commodity with maybe some branding and fashion – similar to physical wallets today. In this scenario, we will have thousands of digital wallets. Or a digital wallet could become your mobile bank – the one thing you never leave home without – that completely changes our concepts of money…Read more The Digital Wallet User Experience will have to pass the toothbrush test.

Fintech 1,000 Landscape Report: Programmable Bank

by February 26, 2015 at 3:17 am 0 comments

This Landscape Report could also be called Bank APIs. I like the name Programmable Bank because it resonates with Programmable Web.  It implies a Mashup approach to system development. This is fundamentally different to the huge, multi year core banking enterprise system development of the past. This is a bigRead More

The business model to replace fractional reserve banking will use Freemium

by February 4, 2015 at 7:17 am 1 comment

When you read the words “fractional reserve banking” you are often in for “the system is evil and Bitcoin is the revolution”. I promise you that this is not one of those posts. I do believe that the business model of fractional reserve banking will be replaced by something else, but it willRead More

Fintech City Tour Goes to China To Find Disrupters Getting Banking Licenses

by January 16, 2015 at 12:15 am 3 comments

The beauty of the digit express is that I can go wherever I want (“beam me up Scotty”). Using airplanes I would have gone from India to China. Instead I went from India to Amsterdam to China. “Bits don’t stop at borders, but money has to show it’s passport”.  Read More

Fidor Bank License-as-a-Service Model Changes the Full-Stack Bank Debate

Fidor Bank License-as-a-Service Model Changes the Full-Stack Bank Debate

by January 12, 2015 at 2:28 am 5 comments

This tweet by Marc Andreessen in February ignited a debate: @cdixon @JackGavigan @Kwdmiller @aweissman I am dying to fund a disruptive bank. Marc Andreessen (@pmarca) February 9, 2014 “Disruptive Bank” is a vague term and that maybe deliberate phrasing from Marc Andreesseen (he does not want to pre-empt the innovation out there that is working).Read More