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It's hard to innovate in regulated industries. Nothing is more regulated than money and banking.
by Prrometheus 18y ago
It's hard to innovate in regulated industries. Nothing is more regulated than money and banking.
- netcan 18y agoSure, but they are theoretically in more of a position to do so then anyone else (paypal, tipjoy, etc). They have the size to deal with it & they have the ability/experience to lobby Governments. They also already have their fairly usable online banking systems which would make a good base.
- ivankirigin 18y agoHave you ever talked to anyone who worked at a bank? They aren't exactly out for innovation.
- sethg 18y agoLeveraging yourself 30:1 to buy collateralized debt obligations doesn't count as innovation?
- ivankirigin 18y agoI do agree that there is a great deal of innovation on the high end. You should look into the automated traders they are making these days. Consumer facing services, not so much.