Ask HN: Sick of your bank? Want to build a open source, non-profit, online bank?
Hey there, I'm Irish, and here our banks are shady and private. The government owns most of them (through bailouts) yet still there's little to no transparency - they act as the please, grabbing as much profit off their customers as possible. Most people here hate their bank and would gladly move to a half decent alternative, but of course there is none. It's identical in most countries nowadays, including the US. I think we can all agree that fundamentally, the finance industry is backward, greedy and corrupt. It needs to change. Here's the idea: An open source, upfront, transparant and humane bank driven not by profit but by the passion to simply create a bank that people like and enjoy using. A few key ideas or keystones might include: * Transparant/Open Source * Non Profit * Great Customer Support * Few and fair fees * Great User Experience * Mobile First (cl
Why it failed
Hey there, I'm Irish, and here our banks are shady and private. The government owns most of them (through bailouts) yet still there's little to no transparency - they act as the please, grabbing as much profit off their customers as possible. Most people here hate their
- Kind
- startup
- Status
- Shut down
- Inventor
- niallpaterson
- Ended
- 2014
- Source
- hackernews