Technology companies are running hard at almost every part of the traditional banking business — from raising funds to moving money from one person to another. And as you would expect, that has meant change, both in terms of the banking services that are available to all of us, and the pricing of those services.
It begs the question of what role banks play going forward, and whether tech companies are partners or competitors (or some combination) to the players in the traditional banking business? And finally, if banking gets unbundled by tech –- if there is a choice of services — what fees, and at what price will consumers be willing to pay? a16z’s Alex Rampell leads a discussion with TransferWise Executive Founder Kristo Käärmann and Tilt founder and CEO James Beshara on the future of money and monetization. The discussion occurred as part of the firm’s U.K. Tech Summit.