Vett Bank
The Concept
VETT, tomorrows banking today – a new vision for the future of remote banking.
Getting a VETT enabled virtual bank to market requires:
- A Large organisation with an established customer base (Telecoms, Utility, Retailer etc)
- A core package of white labelled banking facilities
- VETT’s patented range of banking instruments
- A new pricing format for the VETT enabled banking services
The Market Opportunity
To capitalise on an existing customer base and expand into additional markets using VETT enabled market leading services. VETT addresses the fears and dissatisfaction clearly demonstrated by consumers through a rising level of complaints and the attention focussed on this market place by news media. A VETT enabled Bank will provide new products and services, a clear and simple fee structure, safe and easy-to-understand security. The combination will develop trust and engender confidence from a selected customer base.
What will VETT deliver?
A VETT enabled Bank will offer all the conventional products and services consumers have come to expect from any high street retail bank. In addition, a VETT enabled Bank will be able to deliver a new range of banking instruments.
New products that bring banking into the 21st Century
- Identity Verification (market established as shown by Experian and Equifax).
- Authorised debit - (significant evolution of the direct debit system)
- Remote Signature (recognised market but no effective product available).
- Guardian Account (protection for the young and vulnerable)
- Credit Account (enabled by VETT tools) an alterative to credit cards!
Why is VETT different?
Security –VETT cannot be hacked. VETT ensures security by eliminating the need for Users to disclose sensitive data to Vendors or any third party.
New products – VETT will deliver new banking tools and security products that enable VETT to deliver safe and secure banking for its customers unencumbered by encryption, tokens and software.
Access – VETT will deliver a familiar user friendly environment by phone, a mobile or the internet. VETT cannot be hacked.
Active Marketing™ – A VETT enabled Bank will be the focal point for customer transactions enabling the bank to automatically cross-sell as appropriate.
How will a VETT enabled Bank make money – Revenue Generation
- Standard bank products white labelled for VETT will provide the basic ‘bread and butter’ income.
- Paperless back office operations and straight through processing will increase margins by radically reducing administration costs.
- Marketing expense is minimised by addressing VETT to an established user base and featuring new products thst meet market needs
- VETT banking instruments are technology neutral which minimises the cost of chasing technology to stay ahead of crime.
- VETT IP enables new products and services that will generate additional revenue streams.
To find out more - please contact us
