Comments on: Open Source Banking – why Wesabe is the best example of the new breed http://thebankwatch.com/2006/12/02/open-source-banking-why-wesabe-is-the-best-example-of-the-new-breed/ Tracking the evolution of financial institutions Mon, 13 Feb 2012 00:48:52 +0000 hourly 1 http://wordpress.com/ By: Marc Hedlund http://thebankwatch.com/2006/12/02/open-source-banking-why-wesabe-is-the-best-example-of-the-new-breed/#comment-4165 Sun, 03 Dec 2006 01:49:38 +0000 http://bankwatch.wordpress.com/2006/12/02/open-source-banking-why-wesabe-is-the-best-example-of-the-new-breed/#comment-4165 Thanks! And, yes, you’re right, Kathy had a ton of suggestions for explaining tags a lot better. :)

]]> By: Colin http://thebankwatch.com/2006/12/02/open-source-banking-why-wesabe-is-the-best-example-of-the-new-breed/#comment-4164 Sun, 03 Dec 2006 01:29:51 +0000 http://bankwatch.wordpress.com/2006/12/02/open-source-banking-why-wesabe-is-the-best-example-of-the-new-breed/#comment-4164 Thanks Marc, and just keep up the good work.

]]> By: Marc Hedlund http://thebankwatch.com/2006/12/02/open-source-banking-why-wesabe-is-the-best-example-of-the-new-breed/#comment-4163 Sun, 03 Dec 2006 01:27:36 +0000 http://bankwatch.wordpress.com/2006/12/02/open-source-banking-why-wesabe-is-the-best-example-of-the-new-breed/#comment-4163 Hi,

I’m one of the founders of Wesabe. I very much appreciate your comments and enthusiasm about the site. It’s great to see that people are picking up on the larger ideas behind the site, and not just thinking of it as “Quicken on the Web.” Thanks!

One of the ways we talk about the site is as a “reverse FICO score.” FICO scores, or credit ratings, are designed to evaluate individual consumers as a credit risk; our site is beginning to aggregate information about the *value* risk consumers are taking when giving their money to a merchant. That’s the type of application which tends to do well on the Internet.

Thanks again, and please let us know if you have any ways we could improve the site for you.

-Marc

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