
Entrepreneurs Start Their Own Bank!
James Sinclair's Business Broadcast
00:00
The Benefits of Banking a Service Proposition
Banking a service proposition, it's really about having a few clients that reach a big audience where our technology allows them to include financial services in their apps or in their web pages. So therefore it's not really too many clients that would be needed in order to get to net zero. The only thing since we're not a bank, then we don't generate interest rate, meaning that you don't get any return for having the money there. On the other hand, we keep a one to one ratio, meaning that there's no bank run risk. We aim to do that in Q3 and then we will be off in black numbers from that.
Transcript
Play full episode