ABOUT TIME: Former Bank Executive Launches Startup To Tackle Traditional Banking's Failures
The Fortune (Race & Business) reports:
Traditional banking was designed around rigid, outdated assumptions that leave gig workers, freelancers, and Black and brown communities stranded. A former bank exec is finally calling out the system’s structural flaws and launching a venture meant to rewrite the rules.
The financial system was built for a world where everyone had one employer and a paycheck that landed every two weeks. That world is disappearing.
Mainstream banks have spent decades shutting out gig workers and marginalized communities, so watching a banker pivot to fix the mess is a welcome change.
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