Many operating in the world of community based finance are underserved when it comes to technology that truly benefits their members. Systems provided by the established Financial Services providers are often designed for larger banks and do not ‘scale down’ well. Compliance with regulations such as General Data Protection Regulation (GDPR) and the Payment Services Directive 2 (PSD2) with limited resources present additional burdens. Digital money and cryptographic currency technologies have definite benefits that can be exploited but choosing appropriate
platforms can be difficult.