Goldman Sachs and Stripes Executives Differ on Fintech’s Future

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.