The article seems to be quite US centric when talking about regulation. The UK banking market is very different than the US with just a handful of banks. The regulator is actively trying to increase competition. Atom, a new challenger bank just got their banking license and Mondo (where I work) is on its way.
We are looking to differentiate ourselves by simply not sucking, providing features people want when they want them not two years later. Water bill doubled this month, we'll flag it. Salary not come in when it should have, we will send you a notification.
It's interesting you say that, given that the author lives in London, most of his examples are from the UK, and he specifically refers to the UK government's desire to expand fintech in the last paragraph, which he says has received "uncritical support." When I read it I thought it was fairly UK-centric. What is it about his points that makes it seem US-centric?
We are looking to differentiate ourselves by simply not sucking, providing features people want when they want them not two years later. Water bill doubled this month, we'll flag it. Salary not come in when it should have, we will send you a notification.
Api? Yup