Steve Cohen Dips His Toe In The Credit Card Business, Giggles That No One Is Stopping Him
ByFor Fintech to truly evolve, some have argued, the industry needs to mature quickly from a wild bunch of disruptors to a professional cabal of financiers who understand money and fetishize security as risk management.
In addition to the long-held bias against Fintech’s perceived lower asset and credit quality, there have been too many recent examples of hacking, laundering and a general sense of overconfidence leading to incompetence. These days, it would behoove any digital money platform to recruit trusted names from the old-school world of finance to invest and/or participate in their growth. If you’re pitching a model predicated on professionalism, security and basic trust, find a way to bring in some old dude known on The Street for possessing those qualities…
Steve Cohen Dips His Toe In The Credit Card Business, Giggles That No One Is Stopping Him
