What would a disruptive bank look like?

http://jackgavigan.com/2014/04/14/disruptive-bank/

by tomblomfield • 12 years ago

8 6 12 years ago

cjbenedikt• 12 years ago

Excellent post, as mentioned it would be easy to acquire the necessary talent pool in London. However, just starting out on the tech platform would have a significant price tag attached which means funding would be necessary even without a MVP....hard if not impossible to find

jackgavigan2• 12 years ago

The Twitter conversation that led to that post started with me pointing out that VCs "don't fund NASA [i.e. large up-front cost] projects these days. They fund little consumer startups with traction" - https://twitter.com/JackGavigan/status/432633513666281472 - and cited retail banking as an example - https://twitter.com/JackGavigan/status/432644947485802497

espressopowered• 12 years ago

This was my rejected idea for Ycombinator. I still think there's a lot of potential in this space, very similar to Simple.

seanbarry• 12 years ago

Me too! What a coincidence! Oh... wait

avmich• 12 years ago

Automated functions, like storing money, transfers, (digital?) check processing, buying indices - all on explicit commands and with fees - even storing money - but dirt cheap.

After that we can talk about less clear-cut functions, like various kinds of investments or loan offerings.

jackgavigan2• 12 years ago

I would ignore checks. Here in the UK, they're hardly used anymore.

What would a disruptive bank look like?

Related Stories