Friday, June 9, 2023

Lloyd’s Bank renews Fintech push

By DAC000 , in fintech bubble , at February 26, 2021 Tags:

according to Finextra, with a new commitment to digital transformation. About a one minute read.

Comment: this is a very interesting article, if for nothing else than the quantitative metrics. Lloyds is becoming a “digital first” bank. And this begs the question — what is the role for Fintech startups, when incumbents like Lloyds are “doing digital” as good as, or in some cases better, than said startups. Yes, you’re correct: there is no role. This is something we’ve predicted here for several years. The hype about Fintech is just that. Hype.