One of the primary reasons to not switch your bank is all the hassle that goers with changing direct deposit and bill payments details; fintech startup ClickSwitch is looking to change that process and has had some early success with BankFirst Financial Services in Mississippi; Kale Johnston, ClickSwitch’s founder and CEO, tells American Banker, “we quickly realized why nobody was doing it because it’s very difficult to pull off, there’s multiple layers to what we need to do.”; the startup offers an out of the box solution for banks to get started quickly and a more popular option that connects to the banks core vendor. Source.
