Don't compare us with legacy banks: Aeldra Financial's Sukeert Shanker

We want to be the first truly global consumer bank. Some banks have an international presence, but continue to be country-bound on the consumer side, says Shanker

California-based Aeldra Financial offers bridge-banking services between India and the United States. The neo-bank — an entirely digital entity — enables the Indian diaspora to transact and invest without a social security number and address in the US. Backed by Greg Kidd — a Silicon Valley-based serial entrepreneur and co-founder and CEO of the GlobaliD platform — it hopes to disrupt the playbook of legacy banks with an innovative pricing strategy. SUKEERT SHANKER, founder and chief executive officer of Aeldra, spelt out his game-plan in an e-mail interview with Raghu Mohan. Edited excerpts:

How has the response been to your platform