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This idea looks good. Finance revolves on information asymmetry and keeping your customer uninformed on what's best for them. What does the final step on accou
by anizan 5y ago
This idea looks good. Finance revolves on information asymmetry and keeping your customer uninformed on what's best for them.
What does the final step on account opening and transfer of funds look like for the user? Surely banks can't be that cooperative in providing you an api to open accounts for them.
Are there any money market funds or short term debt funds in Mexico?
I am sure you would look into adding forex cards and remittances in future. There are a couple of startups here in India which help you get better forex rates by negotiating with banks for pre loaded foreign currency cards, hard currency and TT/Swift transfers.
- LevoMX 5y agoIn terms of using the App, once we get approval from the regulators, users just have to download the app and do our onboarding process, then wire their respective funds via SPEI. And yes indeed, most Banks don't have APIs, however our onboarding process is compliant with official KYC requirements and that's how we will be able to operate.