Shake up happening in certain sectors, like in any sector. Collectively they move innovation forward and all contribute to the collective transformation of the Financial Sector.
Something is taking shape today in the world of financial technology, if we connect the dots. After talking to technologists involved in prominent financial technology startups and platforms, a stark realisation has set in on the limits of what fintech can actually accomplish. Indeed, I’m seeing some technologists starting to resign in a trend signifying frustration with the industry. What started as a venture capital-driven, primal scream against the perceived backwardness of traditional banks and financial institutions has run into problems that no other new technology has faced.