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He's got small ideas to start, like the ability to split bills automatically between every Monzo user at the meal at the point of payment, but they're already very different from what the wider banking industry expects.
"Microcopy (the snippets of text we use to guide a customer through our website) is a key consideration at every stage," says Paul Williams, associate director of marketing and digital at Jelf Small Business, "but none more so than at the point of payment.
(For gig work, ratings are provided at the point of payment after the work has been completed; for full-time roles employers are prompted to rate hired workers "after a period of time" and vice versa).
That's because, argues Bialick, a sprawling fintech and financial services landscape means that we have more bank accounts and cards than ever, and while account aggregation isn't new or unique (indeed, HSBC's new Beta banking app lets you pull in transaction data from external bank accounts), on its own it doesn't solve fragmentation at the point of payment.
Well, today the fintech startup is finally de-cloaking with a staggered launch of its multi-currency account, app and card that does indeed let you store your money in gold and convert it back to fiat currency at the point of payment.
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"Small-business data is tough to come by, but point-of-payment experiences are very representative of how a small business conducts business," says Ida Wainschel, program director for Trade Exchange.
However, it misses the point of payments as the enabling platform for monetizing new retail industry engagement services — commerce — in an increasingly mobile world.
Transaction traces collected in various points of payment ecosystem are a valuable source of information for diverse analyses.
The humble QR code also enables point-of-sale payment via Alibaba's hugely popular Alipay mobile payment app or the payment facility within Tencent's blockbuster WeChat app, two services with over 500 million users.
Payment Fintech companies in the payment category can be divided into two types: Third-party payment and point of sale payment.
Point-of-sale payment providers like Square and iZettle, for example, provide payment services that are faster and cheaper by using dongles that attach to smartphones and tablets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com