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Navigating Two-Sided Networks in Banking
This chapter analyzes the challenges of creating a collaborative network among banks, using Bank of America as a case study to illustrate the incentives for participation despite complexities. It discusses the ambitious vision of a transformative payment system that requires collective action, comparing the initiative to historical examples in sports. Additionally, the chapter explores the intricacies of the financial network's business model, emphasizing ownership structure and profitability while clarifying misconceptions about its operational status.
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