Monitise Share Discussion Threads

[mikethebike4] 03/5/2017 12:51

well k3
I have been an investor for several years and still am.
With AL at the helm I have watched a company full of promise at the cutting edge of Fintech heading off in completely the wrong direction for years, committing themselves to huge effort with little lasting reward (financially) and taking far too long to do something concrete about it. A large proportion of the experience/staff built up over the years was given away to IBM leaving the remainder to scrabble around in the wreckage trying to recover - unsucessfully mainly.

I have no experience of running such a large company but have run my own now for 40 years so know enough about these things to realise that in the early days they went completely in the wrong direction, failed to notice and correct this and very nearly went out of business. They are currently scrabbling around trying to sell their product and bury their past.

Their PR incidentally is abyssmal - they cannot even inform their own shareholders adequately !

By the way I do know a little about large companies having worked at Natwest, CBS Records and Phillips Industries.
MTB4

[k3vmc] 03/5/2017 11:50

Mtb4, on what expert basis do you form your judgement of management performance?

What knowledge or experience do you have of running a company with a £60m turnover, a huge R&D budget, hundreds of customers and / or performing business process re-engineering from over 1,000 staff to less than 500?

[mikethebike4] 03/5/2017 10:34

ltcm1
It certainly ought to be a 'gamechanger' but with those who have, and are running moni, I can't see this happening - but maybe some large bank will take the plunge - you never know
mtb4

[lefrene] 03/5/2017 10:07

k3vmc, Banks internally sound much like civil service departments. All afraid for their jobs and pensions, so no one will do anything unless somebody else is taking responsibility. But in the same craven culture things will be seen to be going wrong, but they carry on doing the wrong thing because they are not paid to question the 'wisdom' of those above them.

Hence (in Banks) the recurrence of scandals when all on the inside can see the proverbial elephant, but nobody blows the whistle because 'it's more than my jobs worth'! eg, The current evolving car loan scandal has been known about for over a year, and yet it has been allowed to grow and grow.

PS, if anyone has any bright ideas as how to make money out of a collapsing car market, please do share :¬)

[luxaeterna1] 03/5/2017 09:33

Revolut is excellent at the moment. Taking into account they started off as a free currency conversion mastercard, they now have simple API integration to just set up a regular bank account now, with instant loans, insurance and wealth/savings management.

[ltcm1] 02/5/2017 21:01

I can see this Fintech will be a total gamechanger and in 10 years times the big retail banks will be stricken. However the Monitise story doesn't convince me enough at present. I'd like to invest but usually it's a bigger player that cleans up.

[k3vmc] 02/5/2017 17:28

Transferwise is brilliant, as is Revolut.

I wouldn't say banks are disorganised - intransigent and unwilling to make decisions, is more my take. That's my point about CMA and PSD2 - they MUST comply. Left to the banks, they would stick two fingers up to all their customers and carry on fleecing them. Revolut and transferwise are but blood-sucking ticks on their nether regions, but the vet is coming with a clamp and a very sharp knife.

[lefrene] 02/5/2017 16:20

k3vmc, transferwise have made it simple swift and affordable to move comparatively small sums to a foreign account. I send the odd $1000 to daughters abroad, I get almost the interbank rate and a small fee, instead of a fat fee and a huge spread on the exchange rate. A friend has just sold a property and is moving to Finland, I tipped her off about transferwise, she is going to compare the deal her Bank is going to offer compared to the cost using transferwise. This is circa £200k into Euro's. I look forward to hearing what her Bank will try to charge her.


In the meantime Moni seem incapable of getting a deal with any of these supposedly disorganised Banks. I guess there will be a last minute panic and all sorts of screaming for more time, whilst blaming everything on Brexit. In other words business as usual.

[mikethebike4] 02/5/2017 15:23

Nick Cheetham seems a bit desperate to me - trying to excuse lack of busines for Moni
mtb4

[k3vmc] 02/5/2017 14:36

Lefrene, if Barclays had had a reasonable service, I would never have tried transferwise, but like you, they have lost that part of my business for ever. Same with Revolut. No-one who has tried Revolut will ever use a high street bank, or bureau de change in the future.

Banks may choose not to compete in these areas, but they are being FORCED to into open banking by PSD2 and the CMA.

About time too!!

[lefrene] 02/5/2017 14:01

Moni telling it like it is, Banks seem oblivious to threat from start up Banks.

I already use Transferwise to send money abroad, I wouldn't dream of using my Bank with its slow and costly service. Perhaps a pity that Moni doesn't operate its own service.

[dogwalker] 02/5/2017 11:37

which is....der der...that Moni don't own Vocalink !

[azaman] 02/5/2017 11:07

I like it; proceeding towards crescendo.

[bigman786] 02/5/2017 10:50

And MasterCard are a partner of MONI

[dogwalker] 02/5/2017 08:09

Well, since July 2016 , & since I last looked, they have done.

[bigman786] 02/5/2017 07:57

MasterCard own 92% of Vocalink ?

[dogwalker] 01/5/2017 09:00

Mastercard own 92%.....

[timmy11] 01/5/2017 08:10

vocalink is owned by monitise

[azaman] 27/4/2017 08:34

VocaLink Pay By Bank adds another FI
 
April 25, 2017
Pay by Bank, a service powered by VocaLink and supported by U.K. banks and acquirers, has announced a partnership with Starling Bank that will launch the company's mobile payments technology to Starling Bank customers.
Starling Bank is the first challenger bank to commit to Pay by Bank, which enables customers to make real-time payments directly from the mobile banking app on their smartphone or tablet, according to a press release. 
"Starling Bank offers a unique proposition to customers with simplicity and security at the heart of what they do — making it a natural fit for Pay by Bank app," Rajiv Garodia, managing director of Pay by Bank app, said in a statement. "The fact that Starling Bank, which is known for its pioneering approach to banking and technology, has committed to Pay by Bank app, reflects growing recognition that the service is fast becoming the 'standard' for mobile payments."

Can someone shed some light ( whether or not MONI is playing a role in this) on this please ?

[investment dave] 26/4/2017 15:14

This is like watching paint dry but worse after yesterday's monumental rise

[investment dave] 25/4/2017 21:13

Closed up today this could be the start of something amazing hey Mike?

[mikethebike4] 25/4/2017 12:38

lux
why would IBM want to buy moni - a company with plenty of staff and relatively miniscule income ?
(and they've already taken in a large number of moni personel of course)
mtb4

[wageslave] 24/4/2017 15:03

No, but they could set up a UK subsidary.

[luxaeterna1] 24/4/2017 14:17

If IBM purchased MONI, would the tax losses be allowed to move to the US?