No choice but to waste more money

And first up this evening we see more evidence banks and their shareholders are starting to question ever growing Fintech budgets absorbing more of their limited capital.  Many CXO staff at banks suggest about 50% of current expenditure is wasted. About a four-minute read.

Comment: Not a surprise; even two years ago all one needed was a bit of blag to pitch an idea, and with little effort funding would be secured. No more. Banks are now asking increasingly harsh questions of Fintech providers. This trend will continue.