Banking Automata Live - New, Interesting and set to launch this summer

[AntiHeroUK]

Automata Live Registration Link

On my travels around the internet I happened upon this, did a little reading up on it and decided it would be worth looking in to.

So without me making an attempt at describing it, here's what they say about it themselves:



It's a simple process to sign up and you are really at the earliest of stages so they are I believe offering lifetime premium membership which will come at a cost eventually to other users, so that is a good incentive in itself to sign up now.

You will have a dollar added to your account as a registration bonus initially and should receive credit for anyone you refer. Obviously the plan is to have as many people preregistered for this as possible so they can get the app to as many users as soon as it launches. If you are interested please feel free to sign up using my link below!

Automata Live Registration Link

 

[Jon]

what the heck is a neobank @AntiHeroUK ?!!?

 

[AntiHeroUK]

what the heck is a neobank @AntiHeroUK ?!!?

Basically a fancy name for online only/digital banks, the likes of Monzo etc could all be classed as such.

 

[homie]

Sounds like another app trying to make money out of solving a problem that doesn't exist.

It seems a bit all your eggs in one basket to me. But I'm old fashioned like that.

 

[mrcbo]

Seem to be a lot of these popping out of nowhere. Wonder how FCA can regulate all these fully.

 

[AntiHeroUK]

Sounds like another app trying to make money out of solving a problem that doesn't exist.

It seems a bit all your eggs in one basket to me. But I'm old fashioned like that.

I personally don't think anyone should keep everything in one place, regardless of what benefits it may supposedly bring. I personalise think it's wise to have multiple accounts and leverage the best features of each, whereas others prefer one central location as they don't want the hassle of managing everything and keeping an eye on it all.

I suppose it's down to personal preference. I'm always keen to see new startups as it forces the "status quo" to change and adapt to ensure customers are benefiting and the current structures can be improved and evolved.

Seem to be a lot of these popping out of nowhere. Wonder how FCA can regulate all these fully.

I would like to believe that the FCA have set up a team and more resources to focus on the neobank situation, especially those dealing in crypto and fiat currency. If they haven't they are leaving themselves open for all sorts of problems going forward.