Or maybe they acquired Simple to gain next-generation online banking for their o...

		nandhp on Feb 20, 2014 \| parent \| context \| favorite \| on: Banking Startup Simple Acquired for $117M, Will Co... Or maybe they acquired Simple to gain next-generation online banking for their own customers. If they were feeling very ambitious, they could take further advantage of Simple's bank abstraction layer to license the system to other banks and/or credit unions -- a sort of online banking-as-a-service.

Probably. I'm having a bad day. I still won't be surprised if it grinds to a halt though.