Hey everyone 👋, thanks so much for coming back for more brain food, covering four fintech's that caught my eye this week, an in-depth look behind some of the biggest stories and best content of the week. It's the "I know kung-fu" version of what happened in fintech. Apparently. :)
Great insight! I'm wondering if you have a source for this comment:
Mega corporates have spent nearly $1.1trn on digital transformation and wasted $900bn of that. Imagine if 90% of your spending was wasted? You'd give up. The big banks are still just about big enough to get away with it. But as the fintech velocity power-law starts to kick in, banks are caught between big techs and specialists for communities.