[We] are in favor of fintech partnerships … And we’re also in favor of developing technology and being entrepreneurial on the bank side.
Banks need fintech and fintech need banks.
By lowering the barrier to create new digital currency applications, we’ll see an explosion in the number of ideas tried.
Technology innovations will be the heart and blood of the banking industry for many years to come and if big banks do not make the most of it, the new players from fintech and large technology companies surely will.
The biggest opportunity that fintech provides that I’m excited by is the opportunity for financial inclusion … there’s tremendous opportunity that new technology and new ways of unlocking liquidity in the financial system allow for access, allow for growth in these areas.