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BBVA Compass, Dwolla Partner on Real-Time Payments
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KBurger
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KBurger,
User Rank: Author
10/30/2014 | 9:18:57 PM
Re: RTGS Exclusivity?
The decision to open up the platform to developers is an encouraging sign that BBVA Compass, and maybe others in banking, are starting to adopt more of the Silicon Valley-type of thinking where this kind of non-proprietary approach is valued, as opposed to the long-standing, proprietary, "Not invented here" kind of thinking that has prevailed in banking. Greg MacSweeney has made a similar observation regarding BNY Mellon's Silicon Valley-based Innovation Lab.
Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
10/30/2014 | 4:13:37 PM
Re: RTGS Exclusivity?
Yes, that's a pretty big deal for Dwolla. And an interesting move for BBVA.
Byurcan
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Byurcan,
User Rank: Author
10/30/2014 | 3:14:47 PM
Re: RTGS Exclusivity?
Thanks for your question Darren. I'm actually not sure, but will endeavor to find out.
DarrenTE
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DarrenTE,
User Rank: Apprentice
10/30/2014 | 2:44:45 PM
RTGS Exclusivity?
Do you know if Dwolla had BBVA sign an exclusive agreement, similar to CurrentC and the CurrentC members?

I would think a large bank would want to have more than one RTGS partner, to increase opportunities for customers to move money between multiple banks.    But kudos to Dwolla for signing a large business.


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