“But the banks themselves were slow to catch on.
Startups like Venmo, on the other hand, were not.
Two young roommate programmers created the sleek money transfer app in 2009 after asking the simple question why couldn’t they pay each other back for a weekend trip on their phones?”
“The UK in particular are way ahead of us in adopting the rules and regulations necessary to have the data infrastructure that we truly are going to need for the next decade of fintech.”
“in the U.S., there are more than 10,000 banks and credit unions and community banks, and asking all them to go until the APIs is immensely difficult.”