One of the founders of Tandem & a couple of colleagues were interviewed on the latest episode of the excellent 11:FS podcast. I haven’t had a chance to listen yet but it should be interesting!
Just to highlight a few key points -
They will offer loans & on their own balance sheet (Monzo wants to keep it’s balance sheet small) & they’re expecting slow growth because of the constraints that the regulators will apply, as a result
They will offer other provider’s products too though, like Monzo
They want to pull together users data from all of the institutions that a users part of (aka banks), after the launch of the Open Banking Standard & PSD2, like the aggregators Bud, Pariti, Yolt etc.