FYI: (This is a follow-up article.)
From hawking shoddy mortgage securities to nickel-and-diming retail customers, banks have squandered the public’s trust over the past decade.
Financial-technology start-ups have seized on those failures, making it cheaper and easier to transfer money or invest in stocks even if you don’t have much money. These young companies not only have better technology than the entrenched giants, but they pitch themselves to customers as being more ethical, as well.
Now, some of that good will has been erased because of missteps by promising fintech companies. Will the new guard be any different than the old guard?
Regards,
Ted
https://www.barrons.com/articles/fintechs-ethical-stumbles-51546039513?mod=djem_b_Weekly Feed for Barrons Magazine
