Are Big Banks Hurting Competition, Innovation and Equality?
Banking Transformed with Jim Marous
00:00
Acorns Is an Investment in Savings Platform
The biggest firms have an advantage of being able to spread these cuasts over a bigger platform, and the ability to automate the back office faster as welll its scale scope. They're able to offer more products and, you know, address more different consumers. It again, puts those smaller innovativ firms and those size organizations at a tremendous disadvantage. The big are just getting so big that you can't acquire enough midsides organizations to bring the scale that the big guys have? Ye, i think that's one possibility. In the book, i talk about another one, which is, ah, the notion that the biggest firms may open up.
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