“ There ’ s no cost of onboarding , other than time and assets , there ’ s no license fees , so it ’ s zero risk in that respect .”
The benefits to the marketplace model , then , are clear for both banks and consumers . For Mountford , the plan for Raisin UK is to build on that foundation and continue with its already healthy pipeline of banks . “ It ’ s recognition of the presence we ’ ve created in the market . We ’ re looking to double the number of banks that we have and continue to attain some of those larger players . We ’ re also considering new areas , such as ethical propositions , which are becoming popular with consumers . It ’ s a really interesting time in terms of how technology is helping people to interact with financial services , I think it will continue this awakening of the industry to the fact that the consumer has more power – that fact is greater than it ’ s ever been .”
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