Fed Governor Brainard Discusses Where Banks Fit in the Fintech Stack

We can learn a lot from the evolution of smartphones as we try to envisage where the fintech ecosystem–and banks’ role within it–might be heading in the future. Smartphones have ushered in an age when different companies can easily work with each other’s products to seamlessly provide services to consumers. Today I want to reflect on what we might learn from that model about the increasingly interconnected world of financial services.

On the 10th anniversary of the iPhone, a Wired.com article revealed that even Steve Jobs hadn’t predicted the smartphone’s potential as a platform.1 Apple was just trying to … Read more