> "anyone can build a payment processor, nobody can get regulatory approval."
If you want to become a bank regulatory approval is hard. If you don't then its necessary but not the biggest barrier by far. Building trust with card networks, merchants & banks, interfacing with card networks, optimizing acceptance rates to a high level against the black box of card networks etc.
And then you still wouldn't make any money because the margins are extremely low on processing payments themselves - so either you have to have massive scale or have a bunch of value added services that you charge more for. For which you also need a serious commercial engine to be able to sell to either loads of enterprises or some very large ones (who will rarely sign exclusive deals - they will just give you a share of wallet so they can transfer traffic over at will).
Not made clear in this article - this bill will be passed back to the House of Commons to debate/amend before going back to the House of Lords. This was not the final say.
Does anyone know where their SWE-bench Verified results are from? I can't find matching results on the leaderboards for their models or the Claude models and they don't provide any links.
They are built to last. I've had my Fenix 5 for at least 7 years and it shows no signs of slowing or dying. Battery still lasts 5 days or so with normal use. Think it's just stopped getting software updates.
Admittedly they were a bit cheaper back then (but this will one will be too next year)...
AFAIK integrating an android fork with the hardware on modern devices is a LOT of work and usually done by the hardware manufacturers themselves (and this layer is not shared openly). These folk https://itsfoss.com/open-source-alternatives-android/ have tried or are trying to do related things.
If you want to become a bank regulatory approval is hard. If you don't then its necessary but not the biggest barrier by far. Building trust with card networks, merchants & banks, interfacing with card networks, optimizing acceptance rates to a high level against the black box of card networks etc.
And then you still wouldn't make any money because the margins are extremely low on processing payments themselves - so either you have to have massive scale or have a bunch of value added services that you charge more for. For which you also need a serious commercial engine to be able to sell to either loads of enterprises or some very large ones (who will rarely sign exclusive deals - they will just give you a share of wallet so they can transfer traffic over at will).
Card networks are another story...