depositoffer.com is invented by KH Kwan (cir 2000) and is patented in the US. The original can still be seen at http://deposit.somee.com/ The original concept was abandoned due to lack of interest and complexity of design which was beyond KH Kwan at that time. This is to say the design is complicated as it reverses the traditional role where banks dictate the interest costs by empowering the depositors to participate in this process by offering deposits for auction. The challenge here is to establish more transparency through competitive bidding combine with customisation depending on their risks profile and appetite. The system is designed to collect data from actual transactions.

Other products that enhances transparency under the flagship (bankguru.com) will be coming on board soon where funding permits. Please refer to bankguru.com and http://mybankguru.wordpress.com/