Is Small Business Banking Next in Line for Disruption?

Re:Is Small Business Banking Next in Line for Disruption? by nickpsecurity on Wednesday November 25, 2015 @03:11PM (#10629354)

That's actually a decent possibility. Much more probable than getting all the startups to collectively, consistently fund lobbyists on their behalf. The big tech firms already do that. Google, Apple, and Facebook are already working on integrating in daily routines of users including with payments.

It would be interesting for one or more to fund a push into banking maybe leveraging a bank they bought for its expertise and infrastructure. Probably opportunities for analysis and ad targeting on top of it. Wait, "ad-supported payments via displaying them at POS kiosks." Oh, shit, did I just make up an industry on the spot or does this already happen? ;)

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Re:Is Small Business Banking Next in Line for Disruption? by btmerr on Wednesday November 25, 2015 @05:41PM (#10630233)

We would welcome any new entrants that sought to provide a better customer experience. All of the companies you mentioned have already entertained the idea of entering banking, but they haven't yet jumped in.

As for your other comment, apps and ATMs are already being used as an advertising channel. I wouldn't be surprised if we see (much) more of this.

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Re:Is Small Business Banking Next in Line for Disruption? by nickpsecurity on Wednesday November 25, 2015 @11:55PM (#10631345)

"that sought to provide a better customer experience"

First concrete thing you've said. Always a way to get into a market crowded with incumbents, esp if account reps have personal touch. Fix anything that annoys people and $$$'s result. Good luck to you on that part as you have a good chance of making it there.

"As for your other comment, apps and ATMs are already being used as an advertising channel. I wouldn't be surprised if we see (much) more of this."

Figures haha.

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