Svbtle

 

Svbtle

Banks are broken

My name is Zach Bruhnke, I’m currently working on Spout and this is my case for why the next big retail bank shouldn’t look (or start as) a bank at all.

I read that Simple was acquired this morning and my first thought was that I was happy for the team because I knew it had been a long fight already for them, they’re probably tired. And in all likelihood they got more than they bargained for when they set out to build Simple. Having a partner like BBVA will make their road ahead … well, Simpler.

Then I read Zac Townsend’s post and what really got my wheels turning is that so many people are looking for a better retail bank when what they should be looking for is a better data company.

A better trust mechanism for consumers and a better way forward for...

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