All of these bad gateways I'm getting from nginx don't give me a whole lot of confidence in this banking website =P I know it's early, but perceptions like that matter.
Twitter's Alex Payne quits, heads onto something new.
31–40 of 166 posts
Re: Twitter's Alex Payne quits, heads onto something new.
#32I've wanted to do something very much like this in a future startup. Banking does suck. Unfortunately, it's debatable how much of banks' suckiness is avoidable. Retail banking is caught in a vice-grip between fierce competition for low margins and government regulations. For example, from what I understand you pretty much have to run mainframes with certain antiquated, government-approved software to process stuff th…
Of the value props he describes, the only one that remotely resonates with me is: "A bank that puts your money to work automatically." He writes that nobody LOVES their bank. But does anybody really HATE their bank? Maybe some vocal folks, but a bank to me is a utility-- a hole in the wall where I stick my money. I've never felt gouged by fees (when I was young and stupid, I've been annoyed by overdraft fees, but the…
The cellphone was very much a utility for a large portion of the mobile market before the iPhone came along.
Re: Twitter's Alex Payne quits, heads onto something new.
#33I'm sorry, but I want my bankers to be grave old men in suits. I also want my bank to have offices all over the world and I want to know that they are handling money many hundreds of times larger than whatever I have.
I don't want a bank started by a guy called al3x, and who just left twitter. It sounds innovative, but it doesn't sound...dependable.
And if there is one feature I want my bank to have, it's dependable.
Re: Twitter's Alex Payne quits, heads onto something new.
#34What's up with the .net for their domain?
.com was squatted?
Re: Twitter's Alex Payne quits, heads onto something new.
#35I for one welcome a bank where I can just message "accept $100".
Re: Twitter's Alex Payne quits, heads onto something new.
#36this already exists: USAA Banking and Investing
USAA Banking and Investing isn't accessible to most of the public, and is locked down as to be almost indistinguishable from other credit-unions for their non-veteran, non-military customers.
My closest military connection is a grandfather who served in the Air Force in WWII and I was able to get into USAA. I think it's more accessible than a lot of people think.
And if you can get in, it's definitely worth it. I've used them for several years now and have zero complaints. Their customer service is awesome, their website is very good, and the iPhone/Android apps are great.
Re: Twitter's Alex Payne quits, heads onto something new.
#37I'm sorry, but I want my bankers to be grave old men in suits. I also want my bank to have offices all over the world and I want to know that they are handling money many hundreds of times larger than whatever I have. I don't want a bank started by a guy called al3x, and who just left twitter. It sounds innovative, but it doesn't sound...dependable. And if there is one feature I want my bank to have, it's dependable.
The dependable banks... are those the ones that taxpayers just bailed out for hundreds of billions of dollars because they were about to destroy the entire financial system?
Re: Twitter's Alex Payne quits, heads onto something new.
#38I'm sorry, but I want my bankers to be grave old men in suits. I also want my bank to have offices all over the world and I want to know that they are handling money many hundreds of times larger than whatever I have. I don't want a bank started by a guy called al3x, and who just left twitter. It sounds innovative, but it doesn't sound...dependable. And if there is one feature I want my bank to have, it's dependable.
That's why I'll be using it first, and lots of my fellow college students who have a lot less to use and a lot more to gain from using a bank like BankSimple.
Time is in short supply, and fees eat away at my little pool of cash.
I'm willing to take the risk, and willing to put my money in the hands of people who are young, smart and innovative, instead of bureaucratic, slow and set in their ways.
Not only that, but if you'd checked, your cash will be FDIC insured through their partners. I certainly don't have a quarter of a million sitting around.
Finally, the way things are going now, the government is the only reason those "grave old men in suits" still have your money at all.
Re: Twitter's Alex Payne quits, heads onto something new.
#39I'm sorry, but I want my bankers to be grave old men in suits. I also want my bank to have offices all over the world and I want to know that they are handling money many hundreds of times larger than whatever I have. I don't want a bank started by a guy called al3x, and who just left twitter. It sounds innovative, but it doesn't sound...dependable. And if there is one feature I want my bank to have, it's dependable.
The current lot of banks seem really dependable, given recent financial history.
Perhaps a bank which is based on customer service (in the age of the internet) and being up-front about their policies and how they will invest your money and reduce your risk is actually what we need. Even if it is co-founded by someone called al3x.
Re: Twitter's Alex Payne quits, heads onto something new.
#40I'm sorry, but I want my bankers to be grave old men in suits. I also want my bank to have offices all over the world and I want to know that they are handling money many hundreds of times larger than whatever I have. I don't want a bank started by a guy called al3x, and who just left twitter. It sounds innovative, but it doesn't sound...dependable. And if there is one feature I want my bank to have, it's dependable.
The dependable banks... are those the ones that taxpayers just bailed out for hundreds of billions of dollars because they were about to destroy the entire financial system?
Notice how even when they screwed up, they were still bailed out. Obviously I'm not thrilled that any bank would screw up in the first place, but no one's bailing out BankSimple if they do too.