Here’s the interesting thing about fragmentation in digital finance: does that not exist in traditional banking? There are around 5000 banks in the US, so seems odd to say the same won’t happen in digital
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Replying to @iankar_
How many of those banks/CUs were started after the internet became widely used? The fax machine? The ATM?
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Replying to @dbkahn
oh minuscule, but isn't it safe to assume that since these banks/CU's haven't caught up, they're more susceptible to startup challengers?
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Replying to @iankar_
Yeah, they're remnants of a time when a local/geographic monopoly was what mattered
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Replying to @dbkahn
totally,
@RahulKayala made the same point. Think while geo effects will deteriorate, other parameters will pop up (gig workers for instance)1 reply 0 retweets 2 likes -
Replying to @iankar_ @RahulKayala
Yes! I'm bullish on
@fintechjunkie's concept of vertical banks1 reply 0 retweets 4 likes -
oooh may have missed?
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2 replies 0 retweets 7 likes
That’s really good.
10:57 AM - 20 Aug 2019
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