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So, I am always surprised by these apps. How do they (or Simple) go and convince Citibank or Bank of America to give them their data? What competitiive pressure
by rgovind 11y ago
So, I am always surprised by these apps. How do they (or Simple) go and convince Citibank or Bank of America to give them their data? What competitiive pressures would make BoA modernize their UI?
- cmdkeen 11y agoThey're not - they're convincing Royal Bank of Scotland or Barclays customers to switch to their bank because it has a better UX. Mondo is in the process of registering as a bank.
- superuser2 11y agoThey don't. Simple pays Bancorp Bank for the ability to use its APIs. Customer accounts are actually held at Bancorp, not Citi or BofA.