I suggested this to Matthew Bullock Barclay's PLC former head of Corporate Banking some 30 years ago...
Perhaps it's an idea that is READY to be implemented...
(especially since self-employed are required by law to produce 'accounts' and so much business now is increasingly ‘cashless))
This might save high street banking ! – and certainly put FIDOR out there in front !
The Idea is simple...
A freelance worker or business owner simply endeavors to makes ALL their 'business transactions' via FIDOR ... (increasingly possible in the cashless society)
Starting with a few basic ones and a pilot system of volunteers, Fidor develops increasingly sophisticated Artificial Intelligence Algorithms to AUTOMATICALLY ANALYZE expenditure, sort into accounting categories, revenue and capital, calculate VAT, tax differentials, weekly, monthly and annual REPORTS (and in future offers online formal purchase ordering and invoicing, flag up financial projections and complex allowances and rebates such as Tax Credits.. vetting dodgy customers and suppliers..)..
Fidor becomes an automated "book-keeping service"..
What percentage of business expense is cash today ? .. I would say for most it is cashless… Even if the FIDOR system covered only 80% of turnover .. It would be an indispensable aid in sole-traders, freelancers and small businesses producing MANDATORY annual returns.
As an essentially server based AUTOMATED service (like Facebook, PayPal or eBay) , the PROFITABILITY could be excellent … and average of over £1Bn per year of recurrent Fidor service income from each half million customers would be quite realistic today…
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OMG ..... 17 text books !
- let's just abolish manual accountancy ......
----- Original Message -----
From: email@example.com [RecycleInBristolUK]
Sent: Monday, January 16, 2017 10:10 PM
Subject: [Recycle in Bristol UK] Offer: Accountancy (AAT) textbooks (BS30)
Set of 17 AAT textbooks. They are all recent (AQ2013 syllabus), but have writing in them from where I've done the practice questions. The books are all the ones from levels 2 and 3, the compulsory units from level 4, and Business Tax and Personal Tax from the optional units. Pick-up from Doynton (BS30)
Any thoughts of enabling storage of a list of frequent payees to avoid filling out Payee details in full each time a transfer is made?
are loans and short-term lending something fidor is looking into?
Can crowd-sourcing an option where fidor users can put up monies?
IS offering business accounts a possibility?
IS it something fidor is looking into?
is there a possibility of euro accounts?
Or having multi-currency accounts to keep monies in dollars and euros?
Could Fidor look into making transfers via the mobile app? Seems like a much quicker and convenient solution to me
Could Fidor look into the possibility of implementing the new "fast payment" system, currently being offered by virtually all other banks. Payments from one bank to another will arrive within 2 hours, but usually within minutes, unlike the 3 or 4 days with Fidor. TIA
It is imperative that a two factor authentication mechanism be available at the very least as an option for securing access to fidor accounts online. see this please: https://www.google.com/landing/2step/
Understandably texts are good as we already have mTAN but if you do not have mobile signal then you are stuck, so the use of google authenticator for even better a key available to the AUTHY application https://www.authy.com/tutorials/how-use-authy-google-authenticator/
An even fancier and better method is to use PUSH authentication through DUO security as this is even safer than mTAN as GSM has already been hacked/compromised a number of times so mTANs can be intertcepted: http://www.rtl-sdr.com/hacking-gsm-signals-with-an-rtl-sdr-and-topguw/
Fidor is a genuis improvement to the fintech industry and may be the way to mass implement 3FA through the fingerprint and iris as welll as voice (biometric capability) of modern devices that are all now deeply integrated into our lives today thanks to the smartphone/tablet internet revolution.
Hi, my name is Aled Lumley Jones. When I logged into my account today it seems to think my name is 'Max Mustermann' - in the top right corner - when I click on that name, it then updates to 'Aled Jones'. I thought I'd raise this for your software team. I am using Win 7 professional in the UK, 64-bit O/S, on my work network near London. Google Chrome Version 55.0.2883.87 m
I have a Job that gets where I get paid into the Circle pay app. I used to have my Fidor debit MasterCard attached to the account so that I could withdraw funds.
After having to cancel that card and get a new one, it seems circle pay have changed there requirements and now you can only attach a debit card that has 3D secure, so I am not able to withdraw my earning to my bank account anymore. This wasn't much of a problem as I could just buy bitcoins and sell them. Now you can't buy or sell bitcoins on circle pay anymore.
Not having 3D secure set up also restricts you from using your card on coinbase which is also annoying.