Why wouldn't you consider using a third party (no idea if Stripe can actually do the example described) as true innovation in this space? With a third party layer, banks don't need to reinvent the wheel.
> Got a deposit via Venmo? It goes to X. From your work? Goes to Y.
FWIW, this sounds analogous (not exactly like) N26's closed/semi-closed digital wallets[1]. I guess if there's a use case for the example you proposed, it's not a huge leap to go from here.
Alas, I'm a very basic bank customer so I can't vouch for how good this feature is right now.
Third parties are true innovation for sure, but the specific examples cited in the article weren't necessarily innovative IMHO.
Crypto, (and I'm really not a fan) is at least doing some objectively innovative stuff. However it's not really linked with traditional fiat so isn't applicable broadly.
> FWIW, this sounds analogous (not exactly like) N26's closed/semi-closed digital wallets[1].
Similar, but with the vital difference that it doesn't depend on Apple, Google, Samsung and PayPal to continue working. Not to mention the trust that they will keep your best interest at heart when making future decisions.
Ownership of something that is valuable should remain in your control, not some 3rd party.
As far as I can tell, N26's "digital wallet" is just N26 itself. It's a bank account with a debit card, except they can't call it a bank account because of reasons, so they call it a digital wallet. It's nothing special, and I don't see how it lets you route based on sender.
Why wouldn't you consider using a third party (no idea if Stripe can actually do the example described) as true innovation in this space? With a third party layer, banks don't need to reinvent the wheel.
> Got a deposit via Venmo? It goes to X. From your work? Goes to Y.
FWIW, this sounds analogous (not exactly like) N26's closed/semi-closed digital wallets[1]. I guess if there's a use case for the example you proposed, it's not a huge leap to go from here.
Alas, I'm a very basic bank customer so I can't vouch for how good this feature is right now.
[1] https://n26.com/en-eu/digital-wallet