Having a bank account is a privilege. Over 1.7 billion world citizens are excluded from the benefits and entitlements provided by access to a bank account. Almost two billion people have no access to affordable financial products addressing their specific needs.
A few months ago I broke up with my cofounder and stopped working on our idea to build a digital credit card service for SMEs in Europe (see my blog post). Even though I find the idea still fascinating I decided to take some time off and started freelancing instead.
Green mortgages are already an example of a green solution, we just want to help the world create more of them. A green sandbox has the potential to speed up green innovation, cut experimentation costs, and be of great value to investors, consumers, companies, banks, and governments.
Open Banking is a decentralized software development model that allows consumers and companies to share their banking information (transaction history, account balance, etc.) with third party service providers and app developers using open Application Programming Interfaces (APIs). Naturally, this only takes place with the end customer's prior authorization.