> looking at a 5000 year old sector that accounts for a double digit size portion of the economy It’s a strange comment because modern banking is 400 years old

> looking at a 5000 year old sector that accounts for a double digit size portion of the economy It’s a strange comment because modern banking is 400 years old and finance is a sector which has seen many innovations though its history. It’s even more amusing when you realise that PayPal, one of the biggest success of the dotcom era, is a financial company. Finance is a sector dominated by very large institutions with a vested interest in not shaking the boat. There is often plenty of money to be made just by being more efficient and selling cheaper services. The European neobanks are a perfect exemple of that.