Reading up on banking
4 deep · digging since jan 23
- Why the ATM didn’t kill bank teller jobs, but the iPhone did
The ATM initially complemented bank tellers, increasing their numbers through Jevons effect, but the iPhone's mobile banking later replaced the branch paradigm, causing teller employment to collapse.
- Exclusive | Capital One Strikes $5.15 Billion Deal for Fintech Brex - WSJ
Capital One will acquire fintech Brex for $5.15 billion in cash and stock to gain its corporate credit-card and expense-management technology.
Takes
Who's doing the first agentic bank? I want to give my machine an agent account, an allowance, and permission to just take care of stuff.
@dhh
So @levelsio was right: Stripe launched Treasury It’s like Wise but with your stripe balance. You get - bank account details - balance transfers - credit cards All with your stripe balance So you can pay friends and invoices without a bank
@marclou