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Banks aren't technology companies. Someday a technology company will become a bank.
by michaelfeathers 12y ago
Banks aren't technology companies. Someday a technology company will become a bank.
- personZ 12y agohttp://www.businessinsider.com/bank-it-spending-2012-12 http://www.businessinsider.com/bank-it-spending-2012-12 The banking system functions largely on the choice, application and integration of technology, and banking is more of a technology business than just about any other. And let's be fair here - Schwab is not a bank, and even among investment firms is an outlier with the noted bad practices.
- michaelfeathers 12y ago> banking is more of a technology business than just about any other. They don't behave like Google or Facebook. Their DNA is not technical.
- personZ 12y agoYet they behave like Microsoft, or IBM, or HP. And those are unquestionably technology businesses.
- ladelfa 12y agoHow about the part of Schwab that's literally called "Charles Schwab Bank"?
- reustle 12y agoIsn't that what Simple advertised themselves as? http://simple.com http://simple.com
- nkantar 12y agoI created an account a while ago, added the requisite $1, and promptly never used it again, largely because they didn't offer savings accounts (and still don't seem to). Do you have any informed opinions on Simple?
- Thimothy 12y agoLike the Sony Bank? http://en.wikipedia.org/wiki/Sony_Bank http://en.wikipedia.org/wiki/Sony_Bank