Haha that is an epic fail
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Thanks for sharing this Marcelo.
There’s a couple of things that’re worth highlighting from that story (I know I’m practically quoting the whole thing here but this will probably be useful to refer back to) -
The service will enable business users to:
- sign up for multi currency accounts in minutes
- transfer money with the interbank exchange rate
- issue employees with corporate cards for global fee-free spending.
- [make] free and instant money transfers between companies that are signed up to Revolut for Business
- real-time spending notifications
- dedicated customer support
also
- The company says 12,000 businesses have pre-registered to participate in the programme after previewing its plans earlier this year.
- Businesses will have the option to choose from three packages, ranging from £25.00 - £1,000 per month, with the first month free.
lastly Revolut now has
650,000 customers
up from 550,000 users back in March so Monzo are growing at about the same rate as them now…
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This seems like the best place to post this…Tom, Jonas, Paul, Gary & Jason have just won Hottest Startup Founders at the Europas 
https://twitter.com/paulrippon1/status/874736781392064514
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Congratulations @anon37165488 @anon91821566 and team 
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Dutch fintech bank bunq have in addition to Android Pay and Apple Pay added Samsung Pay to their timeline
I just spotted this startup Plynk on Twitter, they’re not a challenger bank but they are offering bill splitting functionality & we’ve seen how that goes -
Anyone here still using curve? Recently signed up since my wallet was getting full from my Monzo, Starling and Santander card. The only issue I have at the moment seems to be that all transactions are listed as online so there is no location data.
Yes. Use it for Halfords purchases due cashback.
Monzo.card shows up in Hot Coral in the app, Starling shows as a genetic dark grey/black.
WeSwap the multi currency travel card have now also started a cash service though why not try and put everything on a card!?
I signed up for it but the lack of location data made me stop, so I’m only using it for shops with cashback.
A post was split to a new topic: Banking Website’s Trackers
Anyone been using Tandem? If so how do you find it?
very interested in what they have to offer but they don’t seem to sown any information anywhere about the products they want to offer…
A few mentions of their credit cards popping up every now and again but nothing special at the mo, the app is just a fairly rudimentary account aggregator.
“this is just a small way we want to say thank you.”
Yes thank you, here have a credit card so that you get in debt with us and forever pay us interest 
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If they can provide instant transaction notifications through push or sms then it could be a pretty cool differentiator to the current credit providers… that’s if they get their house sorted 
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The Teller API beta is now open to the public.
Starting today, you can create a developer account, connect your bank, and start making live API calls into your bank accounts in less than 5 minutes.
Teller is available today for Santander UK, Barclays, Natwest, Nationwide, RBS, Isle of Man Bank, and Ulster Bank.
It looks like the business model is based on providing a platform for developers to build apps on top of.
For the first time in history it is possible for a developer to build a full replacement the bank’s own first party app
Teller is free for apps with up to 100 users.
They claim to offer faster access to account data than aggregators, which sounds good to me -
If you’ve ever integrated with an account aggregator that works by “screen-scraping” you will appreciate what a leap forward Teller represents. Never again will you deal with day-old stale data or wait tens of seconds while it is refreshed for slightly less stale data.
And they have big ambitions -
Although we are not launching this functionality today, Teller is the first banking API available to the public that is capable of moving money and managing your account. Transfer money between accounts, make external payments using Faster Payments, and manage your payees, standing orders, and Direct Debits all through the Teller API. For the first time in history it is possible for a developer to build a full replacement the bank’s own first party app. If you have the product chops you might now be thinking about the possibility of disintermediating banks altogether.
Edit - Tom just retweeted their announcement about this so it looks like he’s a fan 
Interesting to learn in their blog post that the aggregators are making (some?) of their money by selling their screen scraping technology to 3rd party developers who want to build apps for users. The blog includes a pretty brutal shot at the screen scrapers 
Look how long it takes for a screen-scraper to fail when supplied with bogus data, while Teller comes back instaneously with an error message. Imagine this is your user making a typo while entering their information. You can guarantee users will delete your app in frustration if this is their first experience.
Monese have just launched direct debits -
http://www.cityam.com/266729/fintech-startup-monese-moving-further-into-bank-territory
Also:
- Users are now able to deposit cash into their accounts via Post Office branches
- More than 75 per cent use Monese as a primary account into which they pay a salary.
- They’ll become profitable solely from charging the monthly fee “in the next 12 months or earlier”
- They’re not currently fundraising but plan to do so in the “next year or so” to fuel further growth.
- They almost have 100,000 users
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Just to clarify. They will be rolling out new accounts with Direct Debits soon. A button will appear within their app to allow customers to upgrade their account (agree new account terms) and this is expected to appear around the 19th of this month. So in reality their new accounts are not yet out and will be starting in the next week or so.
…or will be once they get a new upgraded account with a Mastercard. Those with the existing account with a Visa card still use PayPoint.
But, also just to clarify…
Monese is essentially offering the same if not slightly less functionality (budgeting etc.) than Monzo (once they start rolling out current accounts) - and they want to charge £5 a month for the privilege? They also charge fees on certain transations, and as far as I can tell, the only benefit is that you can pay in money (which I don’t know why people are bothered about - maintain another current account and use that to pay in cash before wiring to Monzo account - simple) and that you don’t need a UK address to get a card?
Am I missing something?
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