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This is a great initiative from a Digital bank, demonstrating how technology and strong business connections translate into innovative products and services.....   

By combining short term,cashflow based lending with the consumer 'Pay in Four' BNPL concept Tide have used their agile technology, and strong SMB/Microbusiness insights into a pre-approved credit product attracting lower fees than (say) Merchant Cash Advance.   

Its becoming increasing clear that established and emerging banks all need the agility of 4th Generation Banking platforms  to serve Consumers, SMB's and Corporates, if they are not to be left way behind. 

Call it a Side-core, a Speed boat, or a Get-Fit  program.... Launching a new 4th Gen challenger platform to meet a specific business need is a better approach than the big bang/open heart surgury approach to Core Banking legacy replacement.  Kudos to Tide.

This sounds very refreshing -  It looks like BOI sees real value in maintaining its High Street presence and investing in the provision of Automated services  via its re-vamped ATM network.

This is still only one Bank branch per 22,000 Adult citizens, but has the dual benefit of  providing a strong Marketing and Service-Partnership message to the local community 

The blend of traditional POS and Branch banking, along with an  increased focus on technology and efficiency sounds like the perfect mix to me.

Legacy banking systems used to be the safe bet, and a migration to a new plaform could often be seen as the 'CEO killer'.  Having said this (and without ANY knowledge of the underlying causes of these bank outages), It probably safe to say that  'Legacy Systems' that have lost their Legacy System Guru's   are now becoming an increasing risk to Bank CEO's and Boards. 

Of course 4th Gen platforms are still relatively unknown from a risk perspective which is why launching a new product, new geography or fixing  a problem that the Legacy Plaform cannot handle has to be the lower risk way to transition from Legacy to New-breed platforms.   I am sure board members will start asking these questions soon....   'What are we doing to remove the risk of re-occurance?' And 'How do we Migrate to a future-proof platform?' Would be  good questions to ask the CIO/COO