an “existential threat to Fintechs”

or an inevitable progression as technology is absorbed by the incumbents? As start ups develop, deploy and disrupt, incumbents seek to acquire and integrate. Fascinating report from McKinsey. About a ten minute read.

Comment: Long time readers will know I’m in the inevitable camp. Incumbents have the money. Start ups develop ideas. Most fail. Some succeed. And are acquired. This cycle has been playing out for, literally, decades if not centuries.