Very well put by @matt_levine.
"You get what you measure, but only exactly what you measure"
https://www.bloomberg.com/view/articles/2016-09-09/wells-fargo-opened-a-couple-million-fake-accounts …pic.twitter.com/DxoSXk1og1
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Why people don't trust financial services firms. Globally. Exhibit #233648 https://www.cbsnews.com/news/wells-fargo-ceo-tim-sloan-gets-4-6m-raise-despite-scandals/ …pic.twitter.com/xne4gA52Tn
Why consumers don't trust financial service firms. Globally. Exhibit it #375847https://twitter.com/nytimes/status/1061120779260182529?s=21 …
They should specifically be worried about authentication since through neglect like equifax banks are stuck with no identity technology or scale.
Nobody cares what bankers think. Am I right @APompliano
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