There's also the argument that can be made for rapid iteration. A company like BoA will eventually choke until this in the future. Also, this stuff sounds gre

There's also the argument that can be made for rapid iteration. A company like BoA will eventually choke until this in the future. Also, this stuff sounds great until you need improved peering, or software-defined networks or massive bandwidth improvements, etc. ... and I get that the HN community is clever but banks and other institutions like this REALLY struggle to find this talent. $2B is a lot except when you're losing $10B a year in revenue because you can't compete in the market. In a way this would be like Amazon arguing it should build its own bank. It's not what they're good at... Focus on your strengths.