I spoke at a fintech panel in New York. Some panelists predicted that banks are losing their position in the finance services, and some also felt other players like mobile carriers could enter the market. I was more skeptical of the thought of telcos in that business. Is it a realistic scenario?
People sometimes think that everything is more dynamic and faster outside their own industry; the grass is always greener on the other side of the fence. But when you have seen many industries, you start to feel that inertia is strong in large corporations in all industries. It is hard to... MORE