Bankloch

You could argue that the main role of a bank is to increase the   buying power   of its customers, i.e. support their customers in increasing their assets. This can be through credits or investments. Both solutions make purchases possible, which can give a positive return in the future, i.e. an investment is a purchase of a financial product aiming to generate a return, while a credit can allow you to buy something, which can save or generate money in the long-term, e.g. a credit for a house to avoid long-term rent payments. Increasing the buying power by optimizing financial flows   can however also be done in many other ways. These are domains where banks are ideally positioned to offer additional services, but most banks have left those untouched till now. This is about to change, as banks try to   build out financial ecosystems and offer more value-added services . The increasing number of PFM (for Individuals) and BFM (for Businesses) banking modules is a first ...

The Corona crisis has led to an exponential   decrease in the usage of cash , due to the associated hygienic problems and the enormous rise of eCommerce. While in commercial transactions cash is disappearing rapidly, it is however still commonly used for   informal money exchanges , like between friends, family, colleagues…​, but also those payments are becoming more and more digital, thanks to   peer-to-peer payment (P2P) solutions . These solutions drastically   improve the user experience   (removing friction) for both the person initiating the payment (= the payer) and the person receiving the payment (= the recipient), compared to a simple initiation of a wire transfer in a banking app. Before clarifying where those solutions bring most value, it is important to first identify the   typical use cases , where peer-to-peer payments are most common, as the P2P payment solutions need to optimally accommodate these use cases: Family giving a   cash gif...