Spanish bank BBVA says it is shutting down challenger bank Simple, which it acquired for $117M in 2014, and will move accounts to BBVA USA (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:

Spanish bank BBVA says it is shutting down challenger bank Simple, which it acquired for $117M in 2014, and will move accounts to BBVA USA  —  Some consolidation is underway in the world of challenger banking apps.  BBVA at this time instructed customers of Simple — the pioneering cellular and on-line banking app …