My bank has an API so I built online banking
I want a US based bank to build something like that. I believe Simple was initially supposed to expose an API to developers. The API has never come to fruition and I doubt ever will.In order to disrupt the banking industry, you need a huge amount of capital to start and you are regulated in a way to prevent fast growth. These 2 things pretty much rule out the 'standard' way of doing startups.I would love to see an opensource bank, open code all the way down to the core services that a bank depends on. It would help break up the stranglehold that just a handful of companies have on the market.Too many things are just 'in the way'. The stagnation would probably need to start with regulatory support instead of using banking regulations to make it difficult for new business and ideas.