Fintech Takes | Why Self-Driving Money is So Hard
Level 4 services like Astra enable customers to link all of their financial accounts (deposit and spending) together and then create ‘routines’ that facilitate automated transfers under specific conditions — scheduled transfers, round ups on payment transactions, percentage-based transfers on new deposits, etc.
How close are we actually to having a ‘Google Maps for money’?
Channeling my inner engineer for a second (and ignoring the lending and payments facets of self-driving money), here’s what I think a ‘5 Levels of Money Automation’ for deposits and investments looks like:
To fully realize the vision (and value) of self-driving money, customers need the freedom for their money to move from anywhere to anywhere, automatically.
Read the full article from Alex at Fintech Takes