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Marketplace banking -- the idea that your bank will provide access to various third-party money-related apps and services within its own app -- seems an..
Also interesting are the three levels of banking API Meaghan talks about:
1) Deep integrations ... transferwise payments, Flux in the transaction detail page
2) Marketplace integrations .. connect me to p2p lending, travel insurance, etc.
3) API integrations ... don't appear in the bank's app, but use account integration in your app e.g. Deliveroo bill splitting for Monzo
I've been using a similar spectrum to work through potential API commercialisation strategies for banks recently.
Nice. I'm not sure how many retailers will pay the integration costs to send realtime receipts to customers handing EPOS data over to a third party, and it isn't really a big pain point for customers either. What dish did I have at EAT last week isn't a big use case?!
Having said that I think that realtime loyalty plays are super interesting and valuable from a customer and a retailer perspective, and I expect to see a lot in that space.
Handy for automated expenses though were you need to itemise line items.
There's a fair bit of enthusiasm (although watch out for the power users) for splitting supermarket transactions etc. into categories for targets / budgeting in the Monzo community too. It seems like you need itemisation to make that feasible - automated.
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