I would think they'd love a us channel bank to give them a crack...

I would think they'd love a us channel bank to give them a crack at a couple of million SMEs to great critical mass up and build awareness of the product. It'd would be a long grind on the direct platform alone. The announcement doesn't appear that meaningful yet, - more like they want to get it up and running as a prerequisite to prove the product in the market before a channel partner will sign up. So this "big fish" may take a little longer than first thought.

Big catalyst is the release of platform numbers at the end of this month and hopefully some guidance. All well and good to exceed Barclays and subcorps number, but more interesting to see how it's tracking relative to 9sp's projections and therefore budget. Hopefully there is a material pick up in february as the market spend from the channel partners kicks in. It'll be an exciting wait till the end of feb!