What Big Finance can learn from more nimble industry players
Silicon Valley’s attempted move into financial services has reached a fever pitch in 2019: Facebook’s gambit on cryptocurrency was revealed in June, the Apple Card was released in August, and now Robinhood has trolled every major online stock brokerage into completely dropping their trading fees. Big Finance is taking some big hits when it comes to tech innovation.
If you’re a bank, you’re probably used to this by now. It can be tough for the highly regulated, fiscally conservative finance industry to react quickly to challenges from the more agile tech industry. As