Comments
Why Other Industries May Gun for Banks
Newest First  |  Oldest First  |  Threaded View
Page 1 / 2   >   >>
JohnTFlagg
50%
50%
JohnTFlagg,
User Rank: Apprentice
9/5/2014 | 11:15:03 AM
Re: Fidor
Generally financial services supply fund individual sector or person. But some financial services are provide irrelevant sector .If you will be a good banker then set up the site essayminions.com  to your future goal. Then you know which one will be  focused on creating a new client investment.  
Jonathan_Camhi
50%
50%
Jonathan_Camhi,
User Rank: Author
7/31/2014 | 3:20:52 PM
Re: Fidor
Well the news came out today that the CIA has been spying on congress members and their offices. So maybe they can keep an eye on the regulators. If not, I'm sure the NSA would be up to the task.
Becca L
50%
50%
Becca L,
User Rank: Author
7/31/2014 | 3:17:05 PM
Re: Fidor
HA! Goes back to the big question, who is regulating the regulators?
Jonathan_Camhi
50%
50%
Jonathan_Camhi,
User Rank: Author
7/31/2014 | 3:09:38 PM
Re: Fidor
I wonder if they ask the regulators to like them on Facebook too. Or would that be a conflict of interest?
Becca L
50%
50%
Becca L,
User Rank: Author
7/31/2014 | 2:50:58 PM
Re: Fidor
It's a linear relationship.. I checked their facebook page, it currently has 20,523 likes. That translates to 6.8% line of credit. At 22,000 likes it will hit 6.7%, 24k for 6.6%, etc. https://www.facebook.com/fidorbank
Becca L
50%
50%
Becca L,
User Rank: Author
7/31/2014 | 2:44:07 PM
Re: Social media activity drives up the rate -- how much?
I can't read German, but am sure they are very careful about making promises about FB
likes and corresponding rate increases. I also find it interesting their business model hinges on the success of that particular social media platform. While Facebook seems have more longevity to it than say, MySpace, it's interesting they've built the bank around expectations of its continued popularity.
Becca L
50%
50%
Becca L,
User Rank: Author
7/31/2014 | 2:19:57 PM
Re: Fidor
Interesting concept. I wonder what the rate change/ FB "like" milestones are.

I'm a bit surprised that model is legal, although I can't think of a good reason why it wouldn't be.. Maybe because it seems a Pyramid sceme-like.  And from Fidor's perspective, it must be a gigantic pain to process the paperwork to regulatory authorities explaining the rate change to FB like relationship.
Jonathan_Camhi
50%
50%
Jonathan_Camhi,
User Rank: Author
7/30/2014 | 1:22:02 PM
Re: Why even become a bank?
Yeah they would have to think that they could do a much better job at serving customers than banks are now to draw customers and be profitable. They'd almost have to come up with a new business model for banks to get it off the ground and sustain profits.
Greg MacSweeney
100%
0%
Greg MacSweeney,
User Rank: Author
7/30/2014 | 6:53:16 AM
Why even become a bank?
I really wonder why a tech company would even want to become a bank. Once they get a banking license, they will be subject to multiple regulatory reviews from more than one regulatory body. Is it even worth it? The cost for compliance in FS continues to escalate.
behzod
50%
50%
behzod,
User Rank: Apprentice
7/30/2014 | 2:15:36 AM
Re: It's still long way...
Ewallets are a great invention without arguing and still they dont completely replace your bank experience. And Google or Apple do not maintain your account in their books, they charge your bank account.
Page 1 / 2   >   >>


Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.