A thing I've been expecting to come to the U.S. en masse in coming years is niche banks. An example I have previously used is "There should be a bank for Beyonce fans."
You know what *obviously* must exist? A bank that speaks Spanish. Launched today:
seis.com
You know what *obviously* must exist? A bank that speaks Spanish. Launched today:
seis.com
When I heard @TrevMcKendrick was building this I offered to invest on the spot, and am now a tiny angel (or is that ángel) in it.
Heavily informed by my experience of being an immigrant dealing with a banking system, which longtime readers know doesn't quiiiiiite get me.
Heavily informed by my experience of being an immigrant dealing with a banking system, which longtime readers know doesn't quiiiiiite get me.
Most U.S. banks don't quiiiiiite get many millions of Americans. They can't easily open an account for someone without a SSN. They think that international money movement is an obscure need for retail customers.
They also literally do not possess the organizational capacity to process complex financial transactions, like say mortgages, in the language that some of their customers are most comfortable speaking.
I'm as big a fan as the next person of smiling faces in marketing campaigns, but there needs to be a smart team doing some hard yards on boring infrastructure to make something which is actually good here.
Now there is one. Looking forward to seeing what they come up with.
Now there is one. Looking forward to seeing what they come up with.
If this sounds like a worthwhile problem to work on, they're hiring.
See Trevor's thread here; email him directly.
See Trevor's thread here; email him directly.
https://twitter.com/TrevMcKendrick/status/1483524074902999040
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