I'm definitely of the opinion that IOU won't apply at this time....

I'm definitely of the opinion that IOU won't apply at this time. It's going to take a lot of effort to become a leading BNPL company, I just don't see IOU wanting to take on the regulatory hurdles involved in running a bank as well. It's far too soon. A move like this would make sense if growth was non-existent but IOU are launching a new service with plans to expand very quickly. Digital bank license would just be a distraction at this point. Eyes on the prize and double down. That's what I want to see.

I think it's very easy for shareholders to be hungry for those trending jargon words to make their way into an announcement but if you really think about it from a business point of view chasing trends to keep shareholders happy is the kiss of death. If a company is continually in the development phase by constantly making alterations to the business model how could it ever succeed? Development has to progress to execution at some point and that point is this month.