Community

interesting that Visa thinks it has an intermediary role to play between British Bank accounts -  will see if this works better than bank initiatives.

is there a reason the demographics of these two individuals in the photo are as they are? 

That sounds like a big ticket project! 

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.

Spain and Portugal just demonstrated one potential downside of going to a form of commerce that ONLY works in the presence of (1) Electricity and (2) online or offline equipment.... Equipment that is  often connecting to an Online/Mobile device...... 

I still carry cash.......   its often useful, and in an emergency it may be MUCH more than useful...... it may become essential! 

Cash still has a place in society.  Not only as a device to stop us falling further into two tier societies.

Brave.

Oops! 

Humans having difficulty translating intelligence into practical abilities is not a new thing.....  Genius requires both....   heres what AI told me on Google 

But banks have to hold data for 7 years?    Surely the regulator should hold itself to the same standards that it holds its regulated industry to.   Good catch by the Consumer Coalition."Quis custodiet ipsos custodes?" 

Is that picture appropriate for Finextra?   Opinions appreciated below!