10+ years, 2 labs, 1 bank, 2 startups, 1 exit. Digital banker, wishful tinkerer, amateur father. Fintech VC @gauss_vc and co-founder of @finfitapp.
Hardly I could applaud it as originally one could expect a revelation with global prospects, yet I could not.
It can still be an experiment for them, yet hardly one the other incumbents in the US credit card market would appreciate.
Another trend contributing to ecommerce-based lending models (where banks stand behind working capital models for merchants or serve an installement-based loan as part of checkout is the drive of ACH tech (ie PSD2 is a crawling tiger for schemes as EU wants to level off the digital divide in the region and allow for a standard framework of intra…