Fintechs: Friend or foe?


first_img“Despite decades of advances in communications technology, data analysis—and pharmacological stimulants—bankers aren’t any cheaper than they were a hundred years ago,” notes an article at dealbreaker.com. “Thus the need for fintech disruption, more now than ever.”The world of finance has been “stubbornly resistant” to technological innovations that relax prices and enhance efficiencies, the article notes.For the last 100 years, Americans have remitted approximately two cents per every dollar that flows through the banking industry, according to research conducted by New York University professor Thomas Philippon. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more