So before you can start applying for a banking licence, there are basics that should get you to that point. I decided to pose the following question to a pre-licence challenger bank: What are the five basics you need to start a challenger bank?
About Secco
: Secco is an early-stage, pre-licence challenger bank based in London with a vision to re-invent banking. Secco aims to take banking back to first principles but with a 21
st
century execution – A bank for NOW.
We’re going to give every customer their own IPI (Individual Programmable Interface). The customer will be in control of their money and data; they get to decide what to share and most importantly realize the value of their money and data –
Chris Gledhill
, CEO and Co-Founder of
Secco
Download: The 5 basics you need to start a challenger bank [PDF]
So what do you think the impact of challenger banks will be on the banking experience?
Post your thoughts on the comments section below.
Source:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12015135/Treasury-will-meet-challenger-banks-four-times-a-year-amid-concerns-sector-is-not-a-level-playing-field.html
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About
Kevin Moseri
A marketing expert for the first-to-be-licensed E-Money institute in Germany, PayCenter GmbH. He has experience in developing online marketing campaigns, online & mobile product launches, and EU funding regulation. He is an active fintech blogger with interests in online banking, mobile banking, mobile payment, and insurance.
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“So before you can start applying for a banking licence, there are basics that should get you to that point.”KEVIN MOSERI