Mondo

I stumbled across mondo today—they're all about simple, smart banking using your phone. (UK at the moment) They've got an iPhone App and current account bank card from what I can see. Android to follow shortly. I've just signed up, so I'll wait to see if I'm lucky enough to get early access... They also allow access to their APIs and run hackathons so you can have fun making cool financial stuff: https://getmondo.co.uk/blog/page3/ I think anything that makes money and finance simpler, more insightful and fun is a winner! I can't wait to ditch my cheque book. I write 2 cheques per year to the same old-fashioned company that requests them. The mondo iPhone app looks inviting—colourful, slick and simple. If you love mobile and hate paper, it looks perfect. I remember the joy of ditching paper statements from banks—they were unnecessary and such a waste. Filed and never used again. Simple, understandable financial products and services and smooth customer experiences will be the winner. I'll drop any updates back here if I get to try this out. *Foot note* There's a huge wave of value chain unbundling and disruption in banking and finance right now. Exciting times! The big banks can't innovate fast enough to produce the slick mobile experiences that we're all demanding. They're also struggling to understand how to reach younger customers, and which apps and mobile channels are best for sales/marketing, transacting and giving service and support. This is where the likes of WhatsApp and Facebook Messenger come in. If younger customers spend lots of time 'living' in these apps, then it makes sense to reach them there, and to allow them to transact: 'what's my balance?' with your systems, and get help and support. Also, the race is on to open APIs and banks are trying to innovate in this way, with 'app stores' being built on top of their banking systems—here's an interesting project that's had traction in Germany https://openbankproject.com/for-... Anyway, back to researching banking disruption and how to help big companies create slick customer journeys... [reaches for Sunday morning coffee...]