Neobanks differentiation

Sid Shah

• April 23, 2020 14:08

Hi there, I would really like to understand how Doough is planning to carve it’s place in the Australian banking market . I’m really excited by the emergence of neobanks and i can’t wait to see them succeed and become mainstream. What I’d like to know is how Doough will differentiate itself from other neobanks. Is there enough pie for everyone to have a slice? Or is doough positioning itself as a financial health companion. It seems to me that aside from possible expansions into home loans and international payments, many of the neobanks are aiming to build similar features, just in a different order. The ui and the financial assistant type stuff seems like the main area where banks can differentiate. But I’d love to know what you guys are thinking! Ps this is purely out of interest and excitement, hopefully not coming across as dismissive

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  Kevin

  • April 27, 2020 16:31

  Hi Sid! Thank you so much for expressing interest in Douugh. I have shared with you a link that goes into detail about what we have in the works for the upcoming months. Here at Douugh, we are looking to leverage technology to create financially healthier lives for our users. I agree that offering financial assistance features is a way to differentiate from the rest, and we have plans to substantially expand on ours!  

  https://trello.com/b/0TtmunTL/douugh-product-roadmap

  Thank you again and please let me know if you have any other questions!

  Cheers,

  Kevin @ Douugh

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  Sid Shah

  • May 17, 2020 02:28

  Thanks Kevin!
  It'd be great if you could open threads on the trello roadmap. Some of the idea titles are brief and not totally clear without more details. For example, I'm interested in what the "Investment wealth Jars" feature is intended to bbe.

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  Kevin

  • May 18, 2020 16:36

  Hi Sid,

  You are very welcome. Great idea! I will pass this along to my team to see if this can be done. If you would like information on our Wealth Jars or any other upcoming features, feel free to email us help@douugh.com. Thanks and we look forward to hearing from you!

  Cheers,

  Kevin @ Douugh

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