452. Insights: Banking as a Service - the tech behind fintech
Fintech Insider Podcast by 11:FS
The Business Case Is Critical Right?
The business case is critical right and we have to find like a customer problem to solve but there has to be a credible sort of business model that's it underneath this. I think especially in the US we're seeing a lot of fintechs or some emerging technology companies having to think really long and hard about actually do they want to try and go for the deposits. Once you've got a license as we see with monso now it comes with all of these other headaches around now i'm gonna manage the regulators Really on top of me i've got to spend 90% of my time just keeping my license, he says.
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