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We [https://griffin.sh https://griffin.sh] are building a bank-as-a-platform in the UK due to the friendlier regulatory environment compared to the US. We see a

We [https://griffin.sh https://griffin.sh] are building a bank-as-a-platform in the UK due to the friendlier regulatory environment compared to the US. We see a huge opportunity in this space and most of the existing incumbent institutions have stumbled into the space rather than building a purpose-built company to solve the issues that a platform bank can solve.

no1youknowz 7y ago
Your pricing models from what I have found are truly awesome. I've been quoted anywhere from £1 an account a month but needing £150k for setup fees to £250 for an account setup, and more monthly and other setup fees. In other words, very costly! The only problem is that it's UK/EU only. It would probably be better if you can start adding ibans much like Iban First [0]. If Griffin can do something like: 1) Onboard anyone in the world, using e-kyc. 2) Have the ability to handle 50 other currencies. 3) Remittence funds using either Ripple (XRP) or IBM World Wire. You would definitely have something special. I know other companies such as getbabb [1] and railsbank [2] are trying to do something similar. But they are years behind. [0]: https://www.ibanfirst.com https://www.ibanfirst.com [1]: https://getbabb.com https://getbabb.com [2]: https://www.railsbank.com https://www.railsbank.com
- venantius 7y ago
  Thanks! Those are the goals, among others (we also want to make it trivial for companies to issue card products or launch online lenders). I suspect Getbabb may have difficulty with the crypto angle. Not clear. Railsbank does not intend on becoming a bank and operates with a lighter-weight regulatory framework than we're aiming for.
- tootie 7y ago
  That sounds like an absolute bargain compared to doing this on your own.
TACIXAT 7y ago
Do you serve (US) money service businesses?
- venantius 7y ago
  At present we're pre-launch even within the UK, so unfortunately no. We aim to in the long term.
nr152522 7y ago
This is brilliant! Just signed up to your beta.
morenoh149 7y ago
I can't sign up. Clicking the button downloads a .dms file

no1youknowz 7y ago

Your pricing models from what I have found are truly awesome. I've been quoted anywhere from £1 an account a month but needing £150k for setup fees to £250 for an account setup, and more monthly and other setup fees. In other words, very costly! The only problem is that it's UK/EU only. It would probably be better if you can start adding ibans much like Iban First [0]. If Griffin can do something like: 1) Onboard anyone in the world, using e-kyc. 2) Have the ability to handle 50 other currencies. 3) Remittence funds using either Ripple (XRP) or IBM World Wire. You would definitely have something special. I know other companies such as getbabb [1] and railsbank [2] are trying to do something similar. But they are years behind. [0]: https://www.ibanfirst.com https://www.ibanfirst.com [1]: https://getbabb.com https://getbabb.com [2]: https://www.railsbank.com https://www.railsbank.com

venantius 7y ago
Thanks! Those are the goals, among others (we also want to make it trivial for companies to issue card products or launch online lenders). I suspect Getbabb may have difficulty with the crypto angle. Not clear. Railsbank does not intend on becoming a bank and operates with a lighter-weight regulatory framework than we're aiming for.
tootie 7y ago
That sounds like an absolute bargain compared to doing this on your own.

TACIXAT 7y ago

Do you serve (US) money service businesses?

venantius 7y ago
At present we're pre-launch even within the UK, so unfortunately no. We aim to in the long term.

nr152522 7y ago

This is brilliant! Just signed up to your beta.

morenoh149 7y ago

I can't sign up. Clicking the button downloads a .dms file