Simon Taylor’s Post

NeoBanks as a Mobile Network. Smart. Nubank is one #fintech to watch globally. I have been following since mid-last year after I was introduced by a former collegue. They are doing a lot of good things and their head of product was recently on Lenny's Product Podcast, link below. Very forward thinking. This concept of being a mobile network for the purposes of attraching high value customers makes a lot of sense. Worth watching how this plays out. Be Fundamentally Different, Not Incrementally Better - Jag Duggal, NuBank https://lnkd.in/gvmswyct #fintech #mobilenetworks #neobanks

Neobank / Fintech becoming cell phone companies? Why not - kind of! Nubank is launching Travel eSIM phone plans for travelers, marking a significant move in the financial services landscape! The company announces today it is the first neobank in Latin America to introduce its own travel eSIM, providing travelers with the peace of mind of staying connected whenever they travel within Latin America, the US, or Europe. Something Community Banks and Credit Unions should consider in their customer acquistion strategy 🤔? See end of email for some insights on that option. This new offer is exclusively for Nubank Ultravioleta customers, a high-segment customer base. It further enriches the comprehensive array of benefits exclusive to Nubank Ultravioleta customers, including higher credit limits, rewards, cashback incentives, family accounts, insurance coverage, unlimited withdrawals, and 24-hour customer service. Nubank is also launching a travel booking platform for Ultravioleta customers. These initiatives position Nubank in direct competition with Revolut. By subscribing to the product, Ultravioleta customers receive 10GB of internet, valid for 30 days in more than 40 countries, with a virtual SIM card (eSIM) that can be activated once a year. While Nubank may claim the spotlight as a pioneer in Latin America, it's worth noting that Revolut recently launched the same service in the UK with the same partner (see link in the comment 👇). The landscape has seen previous attempts, albeit not always successful. For instance, the French giant Crédit Mutuel Bank (with over $16 billion in net revenues) ventured into the MVNO market in 2005 but exited the business in 2020. Conversely, there have been instances of mobile network operators delving into digital banking, such as T-Mobile and Orange Bank. Is this something Community Banks and Credit Unions should consider? While embedding a cell phone plan in a premium package is intriguing, it would be hard for them to compete with JPMorgan Chase & Co., Capital One and onthers on these elite customers. Another strategy could potentially be more beneficial and aligned with local financial institutions DNA. It could involve integrating the offer into a standard package to mainstream customers, accompanied by a discount for autopay users, along with additional perks such as cell phone insurance and financing options for purchasing or upgrading phones. Guess what? Agora (Financial Technologies formerly Agora Services) is in the process of launching such an offering for Community Banks and Credit Unions through its modular banking platform 🚀💪. What are your thoughts, Efi Pylarinou, Jason Mikula, Marcel van Oost, Bryan Clagett, Ron Shevlin? See full article here 👉 https://lnkd.in/esj-76NE #digitalbanking #corebanking #bankingsolutions #fintechsolutions #digitaltransformation #fintech #baas #neobanks #challengerbanks #embeddedfintech #creditunions #communitybanks #creditcards #debitcards #embeddedfinance

🚨 𝗡𝗲𝘄𝘀 𝗙𝗹𝗮𝘀𝗵: Revolut is launching phone plans for travelers in the UK Here is what we know: Revolut is launching phone plans in the U.K., the company has told CNBC exclusively, making it the first financial services firm in the country to offer telecom plans — and among the first globally. The digital banking and payments unicorn said it will start offering eSIMs — SIM cards that can be stored virtually rather than in physical form in the device — this week. The plans will begin rolling out for users in the coming days. Customers on Revolut’s basic app experience without any subscription can get a standard eSIM plan that allows them to access their Revolut app so that they can top up their phone as and when needed. For instance, if a Revolut user arrives at an airport and runs out of data on their current SIM provider, they can still access features on their Revolut app free of charge and top up their data as usual. Tara Massoudi, general manager of premium products at Revolut, said the decision for Revolut to launch eSIMs was to turn the company into more of an all-encompassing “super app” with services spanning bank accounts, currency exchange, insurance, travel bookings and airport lounge passes. “Our ambition is very much to be the financial super app,” Massoudi told CNBC. “This is really in that direction.” “Travel is a huge value prop that we’ve always had, and it’s still remained super important for our users,” Massoudi added. More info/source: https://lnkd.in/eyuthsZ2 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #revolut #neobank #superapp #bankingapp #challengerbank #banking #bankingindustry #esim #fintech #financialtechnology #fintechindustry #fintechnews 

As a seasoned professional in the telecom industry, I'm excited to witness Revolut's bold expansion into phone plans in the U.K. This strategic move demonstrates Revolut's understanding of the evolving needs of consumers and positions them as a formidable player in the telecom sector. 🚀 By introducing eSIMs and offering phone plans, Revolut not only diversifies its product portfolio but also reinforces its status in becoming an all-in-one "super app" aligning with the industry's shift towards integrated services. As they venture into this new territory, it prompts the question: How will this move into phone plans reshape the intersection of finance and telecommunications? And what new possibilities will emerge as they continue to blur the lines between traditional banking and mobile connectivity? #FinancialInnovation #Revolut #Telecommunications

🚨 𝗡𝗲𝘄𝘀 𝗙𝗹𝗮𝘀𝗵: Revolut is launching phone plans for travelers in the UK Here is what we know: Revolut is launching phone plans in the U.K., the company has told CNBC exclusively, making it the first financial services firm in the country to offer telecom plans — and among the first globally. The digital banking and payments unicorn said it will start offering eSIMs — SIM cards that can be stored virtually rather than in physical form in the device — this week. The plans will begin rolling out for users in the coming days. Customers on Revolut’s basic app experience without any subscription can get a standard eSIM plan that allows them to access their Revolut app so that they can top up their phone as and when needed. For instance, if a Revolut user arrives at an airport and runs out of data on their current SIM provider, they can still access features on their Revolut app free of charge and top up their data as usual. Tara Massoudi, general manager of premium products at Revolut, said the decision for Revolut to launch eSIMs was to turn the company into more of an all-encompassing “super app” with services spanning bank accounts, currency exchange, insurance, travel bookings and airport lounge passes. “Our ambition is very much to be the financial super app,” Massoudi told CNBC. “This is really in that direction.” “Travel is a huge value prop that we’ve always had, and it’s still remained super important for our users,” Massoudi added. More info/source: https://lnkd.in/eyuthsZ2 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]  #revolut #neobank #superapp #bankingapp #challengerbank #banking #bankingindustry #esim #fintech #financialtechnology #fintechindustry #fintechnews 

While several Australian banks are working to simplify their existing product offerings and feverishly working to implement what appears to be anything AI - their global counterparts are making customer connectivity a major priority. 🤳 According to TechCrunch: “Nubank is taking its first tentative steps into the mobile network realm, as the NYSE-traded Brazilian neobank rolls out an eSIM (embedded SIM) service for travelers. The service will give customers access to 10GB of free roaming internet in more than 40 countries without having to switch out their own existing physical SIM card or eSIM.” Travel is well and truly back on the agenda with drops in prices Aussies are taking to the skies in pre pandemic numbers. ✈️ While those staying grounded are still looking for any savings they can, like a better value monthly phone plan. 📲 So when you consider those two factors the Nubank approach would surely be a winner with bank customers down under. 🇦🇺 Would you stay loyal to your bank if it offered you a discounted branded mobile plan and an easy option to stay connected while travelling?🥰 It’s a resounding yes from us. And we do it Fastter ➡️ for more https://www.fastter.au #fastter #create #enable #grow #brandmvno

Beyond Banking is increasingly becoming interesting… Nubank is taking its first tentative steps into the mobile network realm, as the NYSE-traded Brazilian neobank rolls out an #eSIM (embedded SIM) service for travelers. The service will give customers access to 10GB of free roaming #internet in more than 40 countries without having to switch out their own existing physical SIM card or eSIM. The launch comes shortly after news first emerged that Brazil’s National Telecommunications Agency (Anatel) had quietly greenlit plans for Nubank to become a mobile virtual network operator (MVNO) in partnership with #wireless giant Claro Brasil While that plan remains in the early stages and Nubank hasn’t confirmed any of the launch details, it’s obvious that it’s at least #tiptoeing into the #mobile network sphere — a growing trend within the #fintech fraternity. Andrea Faggiano Riadh Marrakchi Mohammad Nikkar, PhD Mohammed Ghonaim Saleh ALhammad Saeed A. Assiri #beyondbanking #telecoms #brasil #innovation #depin

Nubank moving into what appears to be the MVNO space. of course through partnerships by offering eSim to their customers as part of their move to enter the travel sector. The convergence is extremely interesting. but I am not too clear yet of the strategy other than to offer an additional means to target the sector. #digitalbanks #banking #cx #customerexperience

📱💡 𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐦𝐨𝐛𝐢𝐥𝐞 𝐞𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞 𝐢𝐧 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐚𝐭 𝐈𝐧𝐝𝐞𝐞𝐳! In the digital era , numbers tell a compelling story. Did you know around 40% of customers use banking apps as their main banking platform*? At Indeez, we're not just followers of trends; we're trendsetters. We believe in a mobile-first approach to insurance, and here's how we're leading the charge: 🌐 Fully digital experience: Our platform is designed for easy use, ensuring a user-friendly journey. 🚀 Effortless claim process: File insurance claims in 4 simple steps in under 1 minute. Automated checks for quick responses within 24 hours as well as a tech-powered, multilingual service with all the info at your fingertips. 📲 Direct integration into your app: Why complicate things? We can be seamlessly embedded into your mobile app, offering a simple and speedy experience for your customers. Ready to take your insurance into the future? Let's chat about how Indeez can change your customers’ digital experience!! 🌟💼🔒 *Moneytransfers.com  #MobileBanking #InsuranceInnovation #IndeezInsights #DigitalTransformation #Insurtech