Another clear sign Fintech is maturing …
move fast and break things is no longer an acceptable ethos. Especially so, as the article points out, for Fintechs targeting the payment sector, which is targeted to hit $2T in revenue by 2025. About an eight-minute read.
Comment: curious the article suggests only 15%, or some $280B of this revenue is targetable, suggesting some 85% or so is sticky, somehow tied to deeper aspects of the bank / customer relationship. Second wave of Fintech or a mechanism for legacy players to fight back? I bet the latter.