Monitise Share Discussion Threads

[j777j] 07/6/2017 16:10

Perish unlikely with the my voucher codes asset.News will come out of the blue.

[lefrene] 07/6/2017 16:01

I hope not as fishy as that transaction counter they used to have on their USA site! Their web-site looks very professional now.

[she-ra] 07/6/2017 15:25

Just checked. Tesco and Visa said the exact same sentence. Something fishy here.

[she-ra] 07/6/2017 15:18

The first sentence was from Tesco. So if Monitise are using the same quote for two different companies I would be highly suspicious. Unless you joined up two different quotes together.

[timbob2000] 07/6/2017 15:14

She-ra the Visa quote is from monitise.com, on the front page scroll down a bit, you'll see it.

[lefrene] 07/6/2017 14:10

Bit ironic to see Bango finally getting some traction, but still not in profit yet.

[she-ra] 07/6/2017 13:05

timbob2000 - Hi your quote from Visa I have found doesn't seem to come from VISA. Could you supply a link please.

[lefrene] 07/6/2017 11:37

J777J, unhappily Moni has a track record of 'onerous contracts', ie utterly clueless on how to price their services, thus until some concrete figures come out no one has a clue how to value this dogs breakfast. This should have been the fastest growing business of all time, and perhaps if it had some Americans at the helm at the get-go it might have been a different story. But here we are, it ain't dead yet, it seems to have a good product or else Visa and MC would not be involved with it, nor would IBM. The next six months will likely see this either recover dramatically, be taken over far too cheaply, or perish. I don't think it will perish, but will long term holders see the true value in a buy out?

[investment dave] 07/6/2017 11:14

Recovery time

[j777j] 07/6/2017 10:02

Market asleep on this one.If the Visa story is true it demonstrates Finkit is all it has been made out to be as both Mastercard and Visa the two largest payment Co's on the planet,are on board. I expect the co to either get taken over or rocket back to the 20's in fairly short shrift.Gla.

[cojones] 07/6/2017 08:39

Looks like a bear trap to me... up she goes ;)

[timbob2000] 06/6/2017 20:59

Visa appear to be talking to Monitise again:
"Banks legacy systems make it difficult to access and consume the services that they know customers want, the process of on-boarding proves both challenging and time consuming. To tackle this Visa engaged with FINkit to explore whether utilising the FINkit platform and toolkit can actually solve this problem. Whilst still in the exploration stage, we recognise that FINkit seeks to provide the necessary blend of innovative and agile technology with its roots in security and compliance which is absolutely critical to resolving the challenge." - Jonathan Vaux, Visa
Apologies if posted already.

[k3vmc] 04/6/2017 00:14

I don't even understand this statement. What are you trying to say?

[mikethebike4] 03/6/2017 23:25

Ltcm1

Couldn't agree more with your last para

Mtb4

[ltcm1] 03/6/2017 18:42

Yes most illuminating Lefrene.

What worries me is the business model seems to heavily revolve around post it notes! There are 400 plus really smart people there, if there was a whiff of success wouldn't they be piling in themselves???

I mean there was that guy who had a killer app to convert stuff stored in a basket into a sale and the co had a huge market cap but has now gone bust, with barely a sale ever being made. Oddly the guy who invented myvoucher is rescuing it. I am not comparing Moni with them but there is one similarity in that they both occupy state of the art offices with a sales pitch of huge amounts of caviar to be served to shareholders in the near future.

I also worry that it could end up like Apple and Imagination Technologies where all the best knowledge and people get stolen leaving a hollow husk behind.

If the Finkit is so good then why don't they sell Myvoucher, raise some cash and become a Fintech themselves??? Or reverse into one.

Can't help wondering if the shareholders are providing free work for others to benefit from, I think this is the worry with Moni.

[rp] 02/6/2017 13:31

Thanks lefrene, I like your analogy. Having worked for Halifax near the time they crashed (thankfully I found the gold plated escape tunnel) I live in hope that the dinosaurs, once again, have a blind spot as far as meteorites are concerned.

[lefrene] 02/6/2017 12:55

rp, the Moni 'business model' from the get go seems to have been one of grovelling to the big banks. Creating a 'white label' service model, doing a great job on the product and then casting this 'pearl' before the swine of the banking industry.
Well the banks behaved as big banks do, so yes it would serve them right to see their lunch eaten by the bright new challenger banks. I already use Transferwise to send money to daughters abroad, their rates and service are excellent, why can't my high street bank do the same? Greedy, lazy, or incompetent? Probably all three, plus I dare say, a good dollop of arrogance.

I see in today's Times that Zopa wants a banking license and is setting about raising the necessary £150million capital. A modern tech savvy operation that could likely rapidly go mainstream, and equally rapidly lure customers from the big 4. Perhaps the big 4 think they will just buy out these new type of banks, which would be the easiest way to play catch up, but there could soon be so many of them that they see their lunch dissolve. The longer they drag their feet, the greater the chance they will be overtaken by many smaller swifter operators, knocked off their perch by a tide of competitors. Dinosaurs indeed, but they have the advantage of seeing the meteorite coming, but will they take action in time?

[rp] 02/6/2017 12:06

What about the new challenger banks, wouldn't Finkit be a good way of stealing a march on the dinosaur banks? Or have I misunderstood Monitise's target market?
OK so they might be low volume now, but they must be seeking ways to "take-off" big time.

[lefrene] 01/6/2017 16:43

Exactly MTB4, feels more like a game of poker, no one wants to show their hand. Or more likely, afraid to commit to anything in case something better comes along and they get into trouble for signing up the wrong deal. Must be a lot of kicking and screaming going on behind the scenes.

I notice consumer behaviour amongst the under 40's has moved along, it's now common to see people using their phones to pay for things out in the shires, never mind big metropolitan areas. It only takes Amazon or Google to set up retail money facilities and lots of younger people will ditch their bank. No doubt the bearded wonder at Virgin is going to be winning over youngsters from the big 4.

[mikethebike4] 01/6/2017 16:28

Lefrene
This is all taking too long you know
Mtn4

[lefrene] 01/6/2017 15:36

Looks like "soon" means more than six months, nobody yet willing to commit to a Finkit contract. Still plenty of time left yet for the banks to get with the programme, six months stretches out all the way to the wire.