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Several days ago I contacted a member of gst and received a reply earlier this morning .
Hi Lesley, as an update to your previous message - the GST BOD have received your questions, and I want to reassure you that we are aware of the importance of adequate transparency and access to information in the UK financial markets. We will do our best to include more specific (non-misleading) dates where possible in our future company announcements, including for API licensing.
We are constantly striving to improve the way we communicate our business milestones and results with our PIs. My inbox is open if you have more suggestions.
Gla
LD.
There's a lot of support here If there wasn't we would already be below penny it may dip below this area and if it does there will be strong buying. This will fly once the news we're waiting for lands. No doubt there will be selling as those that bought in on the spike will want to get out that's if they didn't already sell at a loss.
Gla
LD.
Just contacted Shayne as the site link doesn't work, the RNS was probably a little premature they should of checked it was up and running as I'm sure many of us would like to see the updated site.
Reply from Shayne:
thank you for the notice. Really appreciate it. I believe the propagation of the site is underway.
https://monzo.com/help/legal-stuff/december-2020-fundraising
Thought I'd share details of another Neo bank Monzo, it hasn't been around for long but has grown massively. I recently set up a business account with Monzo it took around 5 minutes my card arrived in a couple of days all done on a mobile app. This is exactly what GST are doing.
GLA
Ld.
We do believe the U.S. will catch up. And Asia, likewise, will rapidly develop as the virtual and digital-only banks in Hong Kong, Singapore, Japan and Malaysia enter the market.
Here in the U.K. we’re proud that we helped lead the way on that journey, further pushing the fintech story forward to the benefit of customers everywhere. And that is what really matters.
Interesting read regarding neobanks and the FCA
https://thefinancialbrand.com/89922/challenger-bank-neobank-fintech-regulator-sandbox/
Just to clarify the company are not building a trading platform they are creating a Neo Bank similar to Monzo and Wise PLC which has just gone public with a valuation of around £8b share price nearly £10 this company started in 2011 so we have a way to go before decent returns on our investment. Neo Banking is the future for the next generation this will be on the blockchain so that funds can be quickly and cheaply moved from one country to another. Currently cross boarder payments are expensive and can take days to process the payment system being developed will eliminate this. Another thing to consider is that the money we use today will be a thing of the past, crypto currency are the future another reason for using a blockchain to process payments.
GLA
Ld.