Fintech is now ~4% of global financial services revenue and growing 4x faster than incumbents. So what should a bank do about it? Founder at MIT Cryptoeconomics Lab, @ccatalini on Tokenized recently said that banks should disrupt themselves before Fintech does. “I think if I was leading a global bank, I would just embrace it and rather disrupt myself than waiting to be disrupted.” “Right now, customers will want more choice. They will want better products and services. You can be ahead of that game.” “If you look at the music labels, the ones that embraced streaming and understood that the economics of distribution of music were going to zero, and they had to win in a different game.” “The blockbuster late fees in the financial services industry are going away, and we should play by new rules.” 🎙 Listen to the latest episode on Tokenizedpod(dot)com