5 ms·
Stripe is eating banking with software. If I were a chartered bank I'd be nervous about a few core businesses right now.
by omarforgotpwd 6y ago
Stripe is eating banking with software. If I were a chartered bank I'd be nervous about a few core businesses right now.
- tgtweak 6y agoWait until google hops in, launches with their banking license, and starts lending based on their own models (tuned with their own data) straight from the Federal Reserve.
- woutr_be 6y agoI work for a chartered bank, I can tell you that nobody in upper management is nervous. Questions about this often come up during town halls or department wide meetings, the justification is always that they already have the clients, and that clients are sceptical of financial startups. As a regular employee I just laugh it up, and watch startups launch similar products 10 times faster than we ever could. A startup could build an entire product, while my team is trying to get approval to even get considered for a launch.