Executives from Goldman Sachs and Stripe sparred last week at CB Insights Future of Fintech event about where the industry is headed; Goldman’s Co-Head of Securities Marty Chavez explained the bank believes the future is in an ecosystem of APIs; Stripe’s CFO and CPO Will Gaybrick said the payments giant is building a global payments and treasury network for money; “We think of Stripe as an anti-incumbency platform. If you are Amazon or Google with thousands of engineers, you can build a lot of these services in-house,” Gaybrick said.; Chavez talked about security and storage of money, how would this be accounted for in this new world; the two views showed there is still a lot of innovation and questions to be answered in the next few years. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.