Citigroup Inc. is set to join its fellow big banks in building a peer-to-peer payments app in the hope of fending off fintech upstarts like Venmo.
Source: Citigroup Teams Up With Rival Banks to Fight Venmo – WSJ
Citigroup Inc. is set to join its fellow big banks in building a peer-to-peer payments app in the hope of fending off fintech upstarts like Venmo.
Source: Citigroup Teams Up With Rival Banks to Fight Venmo – WSJ
Banks are dinosaurs. Big hulking behemoths. Startups are like mammals, quick, nimble and adaptive.
Agreed. But we haven’t had a meteor hit. So startups still need to be wary, lest they be eaten!