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Shutting down in 1..2... Despite what the CEO says, I don't see how Simple is going to see the light of day in a giant that manages $800+ billion in assets...to
by Edmond 13y ago
Shutting down in 1..2... Despite what the CEO says, I don't see how Simple is going to see the light of day in a giant that manages $800+ billion in assets...too bad, the prospect of a new type of banking was something I was actually excited about.
- untog 13y agoI'm not so sure. BBVA is hardly a household brand name - they might be quite happy to use Simple to gain a foothold.
- JonnieCache 13y ago>the prospect of a new type of banking ... >The acquiring company, BBVA, is a 150-year old financial services corporation I think that was the problem. I predict they kill it within 6 months, either overtly or by halting all development.
- nandhp 13y agoOr maybe they acquired Simple to gain next-generation online banking for their own customers. If they were feeling very ambitious, they could take further advantage of Simple's bank abstraction layer to license the system to other banks and/or credit unions -- a sort of online banking-as-a-service.
- JonnieCache 13y agoProbably. I'm having a bad day. I still won't be surprised if it grinds to a halt though.