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Let's compare it to the iPod, for example. Before the iPod, I played music. After the iPod, I played music - but in a more convenient way. After this app, I ca
by maxklein 15y ago
Let's compare it to the iPod, for example. Before the iPod, I played music. After the iPod, I played music - but in a more convenient way.
After this app, I can search my statements in a convenient way. The problem is that right now I am not searching my statements at all. They seem to be solving a problem that I have not had so far.
- generalk 15y agoI liken it more to a smartphone: before I had high-quality internet access in my pocket, I didn't care about it. It wasn't a problem I was looking to solve or a want I had. Now that I can search Wikipedia or Google at a moment's whim, I find myself confused when I don't have it. BankSimple may turn out like this: hardly anyone does this kind of searching and organizing of their bank statements because it simply hasn't been easy enough for anyone to care. Once it is, you might not want to go back.
- ThomPete 15y agoYou are missing the very important difference. Bank Simple can automatically track and categorize how you use your money and thus visualize it for you. You didn't used to do this because it was not possible. The same thing with expense tracking. Believe me. It's a very powerful feature. I know I have created it for one bank already and seen how the customer satisfaction exploded. Not everything is a better solution to something that existed before. Sometimes innovation is going to allow you to do things you could never really do before.