7 ms·
Interesting idea. I'm curious what the regulatory landscape is like. Is it feasible to run a bank off of a giant multinational tech company? I remember back in
by peyton 10y ago
Interesting idea. I'm curious what the regulatory landscape is like. Is it feasible to run a bank off of a giant multinational tech company?
I remember back in the day Apple needed to charge for iPod Touch software updates for some sort of accounting purpose.
- tomelders 10y agoI wasnt suggesting they offer those services for free. If they were to consider this, I imagine buying an existing bank would be the first thing they would look at. There are a number of banks out there that very few people have heared of. It wouldn't have to be a Barclays or a HSBC, just someone with a banking license or the opportunity to acquire one in the relevant territories. Also, the Financial Conduct Authority here has a strong appetite for being progressive and trying out new ideas. Other countries also take a lead from what the FCA says is OK or not.
- kuschku 10y ago> Is it feasible to run a bank off of a giant multinational tech company? Many German companies have exactly that, although the banks are usually only used to offer stuff like buying a VW on credit, or leasing a VW, or holding accounts for employees. But banking and tech have been connected for many decades.