Treasury Prime CEO Chris Dean on Banking-as-a-service, embedded finance, and the evolution of FinTech API infrastructure
The Fintech Blueprint
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Do You Think the US Banks Are Trying to Motivate Competition?
Open banking regulation in london and the uk, as well as across europe, was motivated by competition. And it's now, in 20 21, five years later, that you know, the byden administration is trying motivate competition and financial services too. But without putting the house on fire, so to speak, there's not really an incentive for the large banks in the us. To open up. The whole point here is to create competition among the banks. We don't have such a thing in the united states. What we do have is, if you can all the credit unions and what not, is ten thousand existing financial institutions who can hold funds. That's a lot
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