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I'm really excited about this. I can understand why they've started with iOS, but I've not been able to find anything about their plans for Android, which is a bit disappointing.
Mondo has an API at least, so you can still use Mondo with a 3rd party app :)
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No doubt, and they'd be silly not to. I like Mondo, but i'm not sure there's a crying need for Mondo... I just think London needs it's own bank.
Just out of curiosity why do you think London needs it's own bank?
However, the housing market in London is all over the place, and there isn't a bank that has a direct interest in helping people on to the housing ladder in London. I think if you had a London centric bank that understood the housing situation and it's customers needs well, you'd capture a great sample of the capital.
The dude in the video editing 3 Go files on the same screen with Atom :P I wish I was brave enough to do that.
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Mondo has an API at least, so you can still use Mondo with a 3rd party app :)
I wouldn't give my bank credentials fora 3rd party app. Even if you forgo trust, what happens when something goes wrong and the bank doesn't take responsibility for the 3rd party app?
I know the whole 3rd party thing is a little dodgy sounding, but at the very least Mondo could end up taking on a good 3rd party one and making it an official app (like Reddit did)
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Someone just posted a write-up https://medium.com/@johnwmidgley/going-fullmondo-8a536bc758a...
Using a debit card just seems like throwing away what should easily be 1%+ in terms of possible rewards value by using a credit card instead? Not to mention stronger protections.
I've even seen in small shops signs that say they only accept debit cards.
On the other hand most UK current accounts at the moment are giving decent rates on balances (my bank gives me 3% on balances between £3000-£20,000 as well as direct debit cashback on bills and utilities).
The dude in the video editing 3 Go files on the same screen with Atom :P I wish I was brave enough to do that.
That was me ;) Atom's great until you save and goimports locks up the whole UI. Think that is the protobuf interface used by the client and server in our tracing tool, so handy having them all open! https://github.com/mondough/phosphor
[0] https://marketplace.visualstudio.com/items?itemName=lukehoba...
The dude in the video editing 3 Go files on the same screen with Atom :P I wish I was brave enough to do that.
That was me ;) Atom's great until you save and goimports locks up the whole UI. Think that is the protobuf interface used by the client and server in our tracing tool, so handy having them all open! https://github.com/mondough/phosphor
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I wonder why you got downvoted for this, for me security is a key concern for the challenger banks. What Mondo is (from my reading) trying to do is very cool but quite ambitious. A new bank in 2016 will be a serious target for quite sophisticated attackers so they're going to have to do app/inf/ops security very well do avoid damage. On the flip-side they have the once in a lifetime golden opportunity of a green-fiel…
I would really like to get an account but don't live in the UK unfortunately. They talk about the card revocation/freeze in the app in the talk posted earlier, which is a really nice idea (next to the metadata collection). The reason most 'normal' banks have limitations on their apps is that either they will not (or can not) guarantee the safety of their apps or want to place the responsibility at the users end. This…
This is part of why their cards are online-only, every* transaction has to be verified with them before it can complete at the reader - so transactions are slower, but there is no grace period after the freeze.
* as I understand it, certain merchants are white-listed on-card for offline transactions - namely TfL.
There was a similar offering in the US called https://www.simple.com/ . Looking at their blog it seems that they launched back in 2010? I wonder how they're getting on? Anybody got any metrics?
Simple were quite different, they weren't actually a bank, they were essentially a nice front-end on an existing bank (from a regulatory perspective), and onto traditional banking software (from a tech perspective). The Mondo pitch deck available on their investor page explains some of these differences.