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Thanks for all your amazing work Nick. You are missed

Thanks for the shout out

BK

Thanks Michael

I've never said Fintechs are taking over the world. In fact, I built my fintech on working with banks like TD since 2014! Secondly, I've written extensively on fintech and banking partnerships, in fact, Bank 4.0 is based on this very premise. Lastly, I've only maintained that branches will not survive, and that banks reliant on branches won't survive - now more than ever that strategy is playing true. If anything I've supported banks through digitization from the get go, and it's why I started writing in the first place, so I take great exception at your characterization of me being an advocate of fintech destroying banks, as that is patently not the case. 

Yes. For more than 9 years we’ve successfully run a business most thought would die within months of our launch back in 2011 Firstly, we’re still have a thriving enterprise business that is growing and this prioritizes the profitable part of the business. So we’ve pivoted, not filed for chapter 11, and the Enterprise business doesn’t need any capital to stay afloat Secondly, we had a long term funding plan disappear, without that the direct to consumer business spin off was simply no longer viable as it would have seriously impinged on our growth and our push into the US market. The funding reversal was out of our control But thanks for the personal attack and making it anonymously

If anyone has questions, happy to discuss

+1-646-204-0492, brett@moven.com

BK

You better tell the Procurement department... :)

In other words, it's attempting to become a FinTech

The fact is that had Australian banks not waited until Apple had launched this to suddenly have their "come to Jesus" moment on mobile payments, they could have invested in their own NFC-based capabilities. But that's not what they did, so instead they have to rely on a rear-guard action against Apple. This is just another example of banks having a failure of imagination and then trying to get regulatory support for a strong platform coming in and providing solid competition for customers

Here's the problem. Surveys say people want the human connection in the branch, but branch traffic shows exactly the opposite. The truth is somewhere in between. People THINK they need a human connection, but their behavior shows that they just don't anymore. The economics of the branch don't work with "desire" they only work with actual traffic and actual visits that produce revenue