Why it’s so hard to fix banking: An interview with Simple’s exiting CEO

Re:Why it’s so hard to fix banking: An interview with Simple... by Nursie on Saturday May 19, 2018 @09:24AM (#17107791)

This is how it works in Europe, or at least the EU.

Very few people ever switch an account anyway. Something loke 0.4% of the market have evere done it.

PSD2 is supposed to make it even easier but I guess we'll see.

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Re:Why it’s so hard to fix banking: An interview with Simple... by 1ste on Saturday May 19, 2018 @11:04AM (#17108146)

Where could I find more information about that stat?

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Re:Why it’s so hard to fix banking: An interview with Simple... by Nursie on Saturday May 19, 2018 @12:01PM (#17108419)

I think it was 0.42%... If you look into why the EU came up with PSD2 you should find out some more about it.

Honestly can't find it now. It may just have been something I heard around the office (I am currently consulting with Open Banking in the UK but do not speak for them here or anywhere else)

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Re:Why it’s so hard to fix banking: An interview with Simple... by 1ste on Sunday May 20, 2018 @08:47AM (#17112486)

Cool, I'll try find it. I'm looking into PSD2-related things for my company at the moment.

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