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Does the Wonga story offer any constructive learning for a later generation of more clearly defined 'fintechs'?

Do we think this is a pivot, diversification or courting?

Interesting to see how this plays out.

Monzo got lots of airtime recently for simply twisting its card design from landscape to portrait.

But making a brand statement through hard core design and metal packaging might not outweigh the cost.

All the millennials I know are looking for a great deal first and foremost. They are the indebted, coupon using generation.

Interesting. Singapore would have a strong story to become a logical home for security initiatives in APAC. Worth keeping an eye on.

A good initiative by Scotiabank.

Separately, I do wonder how many banks - or indeed fintechs - might already find some of 'their' code on Github, courtesy of either developers on the payroll or contractors.

Reassuringly sensible comments. We can't expect institutions to catch up on using contemporary channels and techniques, if they don't get some latitude for experimentation. Snapchat is probably a bit of an outlier for the Bank of England but the budget here is relatively trivial. We can't criticize the financial sector for being detached from the mainstream and then knock them for exploring ways to get closer.

More interestingly, I've noticed the bank will be livestreaming the financial stability report announcements on stress testing via Youtube. Which, while not exactly bleeding edge, is to be applauded.

I was wondering if this was a bit harsh on NatWest. Then I saw the list of Related Stories tagged below.

Agree with Peter. Consumers have no interest in 'Open Banking' why should they? Nor do they have any interest in PSD2, nor even fintech, heaven forbid.

They are only interested by new services that solve real problems, maybe save them money, and do so with high levels of utility and ease of use.

Also, surely the question on sharing personal data is the wrong way round. No-one agrees to share personal data without being offered some kind of fair value exchange for it. Show the consumer a compelling value proposition and they will do it in the blink of an eye. The problem is finding the value prop...

I'm expecting this story to run...

Hi Mike

The stage was pretty full and noisy so it was hard to establish the details amid all the whooping and jumping - but the MasterCard guys published some details on their blog at http://www.newsroom.mastercard.com

The commerce app they built allowed small merchants to exploit product placement in TV shows to spontaneously offer the same products with rapid home delivery via TV, using Apple TV I believe.