AIMHO21 Sep 2020 10:43
Take two.
My opinion on today’s RNS is that we are now in a different sphere,
A new world, that legitimises the platform, business model and this is special.
Our indirect funding partners ( know referred to as financial partners in the RNS) are now in the process of acquiring a bank.
How best to explain the implications
Think of AZ’s remarks of hubs in EU, UK, Middle East, USA
And possibly one more ...
Now replace hub With bank
This will give both clients and funders the confidence and practicality to use SYME platform
It gives us credibility and provenance.
Rightly we will not own the bank but the bank doesn’t exist without the platform.
Noted from RNS
the Bank will also be the "partner and banker of trust" for SYME, whereby all bank accounts set up for inventory monetisation transactions will be held at the Bank. This will serve to reinforce monitoring processes, digital integration and security
So think of any banks back room staff, in our case they will be handling their and our clients DD
This is a transformational RNS.
The figures generated will be massive...
a whole new world. For us, for clients and for funders