BankSimple closer to reality
Entrepreneuer Josh Reich’s BankSimple concept (the bank that isn’t a bank because banks suck) continues to get closer to reality and is expected to go live this Fall for its first 10,000 customers. Heavy on the technology and light on the fees, he received a pretty nice write-up in Business Week. This just might be a good option for those of you reaching the end of the BS you have to put up with at Chase.
Innovator: Building a Better Bank
Fed up with poor service at traditional banks, Josh Reich is building BankSimple—an alternative with “the agility and mindset of a tech company”
By Ira Boudway
Ask Josh Reich about banks, and he’s quick to tell you they “suck.” Traditional banks, Reich says, have become giant tangles of computer systems that can’t talk to each other and can scarcely keep track of their customers. So the 32-year-old developed what he calls BankSimple, an alternative bank with “the agility and mindset of a tech company.”
