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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
by 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 agoThanks! 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 agoThat sounds like an absolute bargain compared to doing this on your own.