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This shows the danger for any financial services business that relies on a third-party platform. Due to the steep costs of compliance, and of dealing with legac
by zekevermillion 11y ago
This shows the danger for any financial services business that relies on a third-party platform. Due to the steep costs of compliance, and of dealing with legacy tech of existing banks that are the platform's customers, there is always a good chance that any particular payments platform is going to be acquired by a bank, or by a larger payments company. When that happens, the goals of the new owner will not always be to continue supporting a platform that benefits their competitors.