financial services

“Yeah, I think you know, something like I would say healthcare and probably financial services, particularly in certain sectors, can be slow moving.”

“In financial services, per se, bar the ATMs that were innovated sort of mid-nineties, mid-eighties, I believe nothing really has happened, so all the financial engineering that went on was product engineering rather than leveraging technology to actually impro…”

“His hypothesis in financial services is there are probably fifteen hundred billion dollar companies out there in, in financial services around the world. So I think that's absolutely true.”

“So it's this consolidation within traditional and new fintech and then dispersion across much, much broader industries.”

“Similarly, we are going to see, and we are already seeing, an explosion of financial services. Which is new neobanks, new, directly new fintech companies, but then more to the point, all of these consumer companies, all of these business companies are adding f…”

“And what consumers are showing increasingly is that for a high-quality product, a personalized product, They're more than happy to pay a predictable average fee per month, and we're seeing that business model move into financial services, which speaks to your …”

“The battle between the incumbent and the startup is whether the incumbent can get innovation before the startup gets distribution. And that applies to any industry, but it applies especially to financial services because getting customers is so damn difficult.”

“What that will do, though, is it will make customer acquisition more difficult for new entrants, and we can talk more about that later.”

“I'm biased because I'm really, really bullish on finance and intersection of tech as one of those big platform shifts with crypto, but also broadly financial services.”

“We allocate today about 80% of all resources and energy to financial services, so that core continues to have most of the allocation of resources.”

“Financial services is the single biggest market cap in the region.”

“We think that AI is now the second platform shift that might actually be able to take it to its final conclusion. And so if the smartphone was the bank in every pocket, AI is the bank and the banker in every pocket. And that really is the catalyst to Enable hu…”

“And from that perspective, I would say financial services are at the forefront. Most of the financials have figured out for a long time how to organize data and leverage data for competitive advantages.”

“When I speak to folks, It's super conflicted in financial services. Yeah. People are pulling away from cloud. They're pulling away from cloud. They're building out their own data center capacity. Everywhere else still seems to be, we need to migrate to cloud.”

“I think in financial services and healthcare, The only way to build something that will last the test of time and that will truly go mainstream is to work with regulators, to do it clean, to do it right.”