Financial Services Industry Seeing Massive Change

Plaid CEO Zach Perret discusses the state of the financial technology industry and his company which as valued at more than $13 billion. He speaks with Caroline Hyde and Ed Ludlow on "Bloomberg Technology."
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[jstevh]

Y'all get the CEO's. Have really appreciated getting a feel for top executives. And they tend to be on point. FedNow? Yes! Agree with that in statement from commentator dude.

[ponzo]

The data protection laws in the U.S are not strong enough to be giving this guy your username and password to your bank app.

[elainemunro]

The real headline is “Unknown timeframe for Instant Money Movement”. Watch it but beware of other competitors…

[Calebjoyemusic]

What’s the trade off? Always a downside to new tech! Plaid has already scammed me for hundreds of dollars in fees for crypto transactions from bank to exchanges! I have feeling we well all be paying much higher fees for these “fast” transactions! 😡 The real story here should be about how Plaid monopolizes the market on bank to crypto exchanges (among others) and has taken advantage of poor and middle class workers charging excessive fees for a simple transaction that should be less than $3 (in a fair amount) for the technology! The technology the use to make these transactions is nothing special, they have simply been given the keys to the kingdom just as credit card companies have also to prey on the poor. Plaid is a 13 billion dollar company!!! They say that with pride yet they have taken this money from people who are too dumb or too impatient to find better ways.

The have monopolized transactions and are making millions per day off the new crypto investors and blue collar workers who don’t know any better.

[ponzo]

Coinbase is in bed with this company so look out! Plaid playing both sides of the fence.