Please see the part I said about there being a "glaring incompatibility" between startup culture and the banking industry. I'm not saying it's Simple's fault. I'm saying that what it's offering (easy to use banking done mostly from your phone) is ultimately beholden to all the stuff it loses from not being a traditional bank (long delays between transfers, no easy way to deposit a check). And that ultimately holds back Simple's promise.

The banking system sucks and is way behind where it should be. Simple, for all the amazing stuff it does, exposes some of those huge faults by tripping into them. And in many cases, they're problems they simply can't avoid because of the way the system's set up now.

I hope Simple becomes more successful and uses its corporate parent's clout to fix these problems once and for all.