Disruptive Finance and Fintech
15.2K views | +0 today
Follow
Disruptive Finance and Fintech
Logo2 - mini
Click here to go back to www.disruptivefinance.co.uk  
Your new post is loading...
Your new post is loading...
Scooped by Huy Nguyen Trieu
Scoop.it!

Great example of Banking 2.0: Fidor

Fidor TecS enables disruptive banking Fidor combines a full banking license with its own technology: a strong focus on APIs ensures meeting the demands of the …
Huy Nguyen Trieu's insight:

There has been a lot of press recently about the launch of German Fidor Bank in the UK. 

In the UK, a lot of challenger banks have launched or are in the starting blocks, so people might feel a bit blasé about the launch of Fidor. Even for people in Fintech, we might feel that Fidor has been around for a long time, so it has lost a bit of its novelty aspect.

But it would be a mistake to underestimate Fidor: if you  spend time on their company presentation above, you would see that almost each single slide (and there are 49 of them!) shows a totally new way to design a bank. From open APIs to credit scoring, from user testing to virtual currencies, this is radically different from a traditional bank.

So definitely a very good presentation to read (again), with a lot of very good metrics too. 

The biggest question for Fidor (and other challenger banks) though is whether - in spite of all these innovations - consumers will find the value propositions compelling enough to switch. 


Follow me on Twitter here 

And my blog here

more...
No comment yet.
Scooped by Huy Nguyen Trieu
Scoop.it!

Atom Bank seeking to raise £20m - 6 times less than Metro Bank 4 years ago

Atom Bank seeking to raise £20m - 6 times less than Metro Bank 4 years ago | Disruptive Finance and Fintech | Scoop.it
British digital banking startup Atom Bank is bidding to raise £20 million from private investors ahead of a planned launch next year, Sky News is reporting.
Huy Nguyen Trieu's insight:

Metro Bank launched in 2010 with around £130m in seed capital, it's interesting to see Anthony Thompson (who used to be Metro Bank's chairman) launching Atom with £20m in seed. Main difference with Metro is that it's digital only (branches cost around £2m each), but it still shows that the cost to launch a challenger banks has decreased significantly during the last few years.

more...
No comment yet.