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Nothing with banking is technically that difficult, it is about licenses and permissions.
by repomies69 5y ago
Nothing with banking is technically that difficult, it is about licenses and permissions.
- salawat 5y agoHahahahaha. No. You have no idea whatsoever. The financial services industry might as well be a surveillance mechanism for the U.S. government at this point. Compliance/AML/KYC is huge, complex, and a giant pain in the arse.
- mcny 5y agoAbsolutely. Simple Bank tried so hard and so long. It just isn't easy to start a bank and probably for a good reason. For every well intentioned startup like simple, there will probably be a thousand snake oil salespeople.