Perpeetum Mobile When I was in 5th grade, at the end of the academic year, just before the start of the summer vacation, our Physics teacher shared with us a “big secret”: he invented a “perpetuum mobile” machine. He went on a rant about how he has it all designed, could not build it because he did […]
Tag: banking
Competing with Incumbent Banks with a Stacked Deck
In a very interesting piece about a financial services conference, I found out about Victoria Raffe, a former bank regulator in the UK, now an independent consultant, talking about the process of getting approval for new banks in the UK. As someone following closely fintech startups like Moven (and Simple before that) and others that deliver […]