In the times earlier than the standard banks virtually crashed the monetary system, when the phrase “fintech” meant little to most individuals, a few guys from the world of expertise created a enterprise linking banks to cell phones so that folks may make funds and handle their funds on the go.
The yr was 2003 and the enterprise was Monitise. In some circles, Alastair Lukies and Steve Atkinson have been seen because the UK’s reply to the tech visionaries of Silicon Valley.
Monitise had its teething issues, however nice issues have been anticipated of it. By 2014 it had a valuation of £1 billion, relationships with plenty of massive banks and gave the impression to be on the point of main a fintech revolution.
That was to not be.