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Great stuff Steve - Congrats to you and the team

This is so yesterday. Bitspark have been doing this for atleast 2 years and Cashaa not far behind .

PFM’s have been in market for nearly 20 years with Yahoo, Citi Bank My Citi, Chase Online Plus, Wells Fargo One Look all early pioneers.

These were and perceived as account aggregators born out of a desire to find our where else customers were banking so they could target them for loans and additional servcies and were cloaked in a sales pitch of getting your accounts in one place so you could see your position.

Sounds like that poor horse is still alive

Great work by the AEVI team putting together a world class ecosystem and team Moroku for their work getting the application built and onto the store

I do agree with the banks and disagree with Chetan.

I suspect there is little IP that Apple owns with respect to NFC. Last year, Moroku released Marrakash that allows any merchant to download the app onto their Android smart phone and start taking NFC payments. We cant do this on iOS becuse Apple locks us out. We're not complaining as merchants simply see the value and swap their iPhone out for an Android so they can take payments on the run without any additional hardware.

To me locking access to NFC is very akin to locking out access to Wifi. It's a standard and to enable a connected, innovative world, access to these standrds should be opened, especially on dominant platforms. Anyone shoudl be able to build wallets whether it be gvernments for transport and health system access, or corporations looking to innvate to enable customer access withut handing off transaction fee income to the walled garden of a monopoly holder.

Moroku believes this is a big deal for 4 reasons: 

1/ Banks are looking for new ways to compete in an increasingly homogenised world that otherwise competes on price. Focusing on the customer is certainly one way.

2/ Moroku gets access to distribution which, as the Australian newspaper points out, reduces its need to build a global sales force in order to get scale

3/ Misys gets access to innovation and demonstrates that it can consume web services and package them up as an integrated offering to its client base

4/ It shows that this whole Fintech malarkey is not just about banks and startups but rightly includes the entire ecosystem

Quote rightly - Let the games begin!

how would one connect to this API if for example they had an app allready to go @moroku.com

Cant see it referenced on the home page. I wonder how important this really is for the bank

This is the way of tech. Despite large corporate R&D budgets, innovation occurs at startup and its been like that for decades. The large suppliers suffer from the same cultural juxtaposition to innovation as do the bigger financial services institutions. Burdened by the day to day rigours of running listed businesses and driving metrics focussed on success, they leave opportunities for smaller companies, that are funded and aligned to experimentation and failure, to create breakthroughs and find ways to achieve early wins. These are spotted by venture capital and institutional money to get them to the next stage, usually death or acqusition or a traditional supplier caught asleep at the wheel and in search for competitive advantage. 

Nice work Stessa!