BankSimple is very early stage and little is known beyond what Alex includes in his post. The most telling sentence has to be:
Imagine, for a moment, a bank that doesn’t suck.
Almost immediately, Twitter began pointing out a coincidence, i.e. that banking is a popular outlet for ex-Twitter innovation.
First, Twitter co-founder, Jack Dorsey (@jack), left Twitter to launch Square, the mobile payment device that allows people to accept credit card payments with their phones.
Now, Alex is taking on banking at BankSimple.
It makes sense that innovation would bubble up in an industry undergoing huge amounts of scrutiny and suffering from all-time lows in customer satisfaction. But it’s a bit interesting that both these ex-Twitter guys have chosen financial services as their next projects.
Makes you wonder what they used to chat about over there.