Re:Choosing a Bank for Your Startup
by ashvardanian on Tuesday January 11, 2022 @03:16PM
(#29897203)
Thanks for sharing!
Its so frustrating that modern banks are split into two distinct categories: the classical banks and the neo-banks.
The first ones are slow, ugly and borderline unusable.
The latter ones are sleek and fast, but completely deceiving and unreliable. Those Neo Banks are best examples of modern FinTech - no Finance and no Technology whatsoever. Almost none of those unicorn Neo-Banks has a credit license, the most essential feature of a bank! And their technology boils down to having a mobile app. Hardly impressive in 2022. Is a barbershop with a mobile app suddenly a tech business?
Reviews like this really help - will be hoping for more
The first ones are slow, ugly and borderline unusable.
The latter ones are sleek and fast, but completely deceiving and unreliable. Those Neo Banks are best examples of modern FinTech - no Finance and no Technology whatsoever. Almost none of those unicorn Neo-Banks has a credit license, the most essential feature of a bank! And their technology boils down to having a mobile app. Hardly impressive in 2022. Is a barbershop with a mobile app suddenly a tech business?
Reviews like this really help - will be hoping for more