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Great offering! Banking is one of the oldest platform providers - take money from depositors on one side and lend money to borrowers on the other!

"M....'s marketing manger". LOL!

If WalMart really sticks to its guns, this can disrupt banks.

@FinextraMember: Good question but you'll be surprised at how far and wide RBI's tentacles reach in India. Retailers, TELCOs and many other non-banking industries will tell you they have to do xyz because of "RBI regulations". I've actually asked some of them why RBI regulation is applicable to their industry. Not a single guy has been able to answer my question but but not a single guy has relaxed on xyz either. I don't expect fintech to behave any differently. Which is amazing considering that, in the same country, other startup industries like "cabtech" - aka Uber, Ola - brazenly defy government edicts and continue to ply their cabs even after being issued orders to stop operations (like it happened in Bangalore last week).

I haven't been following PSD2 much but this article was still LOL!

It's not about the idea or the product. It's all about execution. Companies who get this will enjoy stratospheric valuation compared to the others who don't, even if those others were earlier to market. That has been the lesson from Microsoft, Cisco, Google, Apple, Facebook et al since times immemorial. Of course, anything can happen tomorrow - even Microsoft and Cisco have, at some point, suffered >50% drop in valuation from their respective peaks.

Great move. Handing over my Online Banking credentials to a third party startup is an absolute NO NO for me. Which was why I stopped dead in my tracks when I was signing up for Mint a few years ago and haven't signed up for any other PFM service since then. Personally, I'd feel comfortable with this new access method from Wells Fargo. I predict it will truly "provide a blueprint for other" bank-fintech partnerships.

@KenOverholt + 1.

End of yet another futile attempt by a retailer to find a cheaper alternative to credit / debit cards.

I don't get how this guy managed to sell stuff people didn't want. Sales people know it's hard enough selling stuff people do want.