We compete with banks, and also partner with them. Our model allows for multiple bank partners, but for the time being we're integrated with a single bank.
Our stuff is designed to be portable between banks where possible. There are only about half a dozen bank core systems in wide use in the US today, so in theory if we integrated with all of them we'd be able to partner with most any bank. To date we have integrated with two different cores.
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Interesting! Do you currently compete with banks or will you do so eventually? Are your products independent of the banks your APIs interface with?
We compete with banks, and also partner with them. Our model allows for multiple bank partners, but for the time being we're integrated with a single bank.
Our stuff is designed to be portable between banks where possible. There are only about half a dozen bank core systems in wide use in the US today, so in theory if we integrated with all of them we'd be able to partner with most any bank. To date we have integrated with two different cores.