I learned today of a new offerring scheduled to launch June 9th in the US. I am quite intrigued by the concept that has aspects of moneyexperts.co.uk with the added mix of auctions.
The company’s fully automated, proprietary technology creates unique online auctions where banks compete in real-time to meet each consumer’s specific banking needs until one bank remains. The unique MoneyAisle platform has already become an attractive offering for small and mid-sized banks. Without the high costs of customer acquisition, banks are able to access a large market of potential customers from across the United States.
A quick search found more about them here at MIT technology review. No comment till I know more, but I liked this headline “NeoSaej’s algorithms could change the rules of online auctioning”
UPDATE: Press Release
Bankwatch 