> that all future fintechs would build on
This also sounds awfully like a single point of failure and embodiment of what's wrong with late stage capitalism - where competition is an illusion.
This also sounds awfully like a single point of failure and embodiment of what's wrong with late stage capitalism - where competition is an illusion.
Sure the costs for any fintech using these products are the same, but they can offer a million different types of products which make them unique.
I mean if you want to start your own bank and deal with compliance then sure do that! I don't see your point here, there is no sensible alternative to this problem.