Wilkes predicts traditional banking functions will be fully integrated into Big Tech
Clay Wilkes · 20VC: Why The Unbundling of Fintech Will Continue, How VCs Are Propping Up The Neo-Banking Industry & Why We Need A New Framework To Value Businesses Today with Clay Wilkes, Founder & CEO @ Galileo · Jul 31, 2020 · at 10:00
Clay Wilkes, founder and CEO of Galileo, argues that traditional banking capabilities will inevitably shift into embedded Big Tech offerings.
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“That won't be anything new or different, but the banking function, if you will, what we've thought of as a traditional banking function or financial function will absolutely be integrated into big tech.”
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