And, I suppose: 5) Tech companies / platforms either doing N things (but not X00 things) well and/or enabling X00~Y,000 companies built on top of them to be entrants in #2 to #5
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Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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Vertical banking will focus on financing and utilities so an interesting q is who will instrument the capital: incumbent banks or we will see new platforms funding these w/ broader capital markets
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Will be interesting especially with the amount of reg oversight. While I would prefer 1000 duck-sized horses... Best case may be a few giants without consumer relationships doing wholesale balance sheet management for lots of originators
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Been waiting for this to launch for a while.
@RaboFoodAgri is loved by farmers, and I’m expecting tech to continue building vertical banks now with the new banking backend infra/APIsThanks. Twitter will use this to make your timeline better. UndoUndo
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I think there will still be a space for Regional Banks. Think PNC in Pittsburgh. Regions in Alabama. M&T in Buffalo. Folks who aren’t tech savvy or who like in-person interactions will keep driving their deposit base. Local ties, relationship banking will drive loan volume.
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One thing that makes Regionals different from footprint banks is their scale. Regionals have $100B plus assets and often span multiple states with large cities. The super regionals are even bigger, and are basically money center banks minus the capital markets operations.
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