Every Company Will Be a Fintech Company In the not-too-distant future, I believe nearly every company will derive a significant portion of its revenue from financial services. In this post, I’ll delve into the infrastructure that’s enabling this transformation and, more importantly, how that’s going to fundamentally change banking as we know it. Every company, even those that have nothing to do with financial services, will have the opportunity to benefit from fintech for the first time. Startups will be able to launch companies faster and more cheaply. Existing financial services institutions will be able to introduce new products quickly—and spend less on IT maintenance. And most importantly, this means more choices, better products, and lower prices for consumers. [A] Take Uber and Lyft. These are ride-sharing companies, right? If you’re a driver, they might also be your bank. For Uber and Lyft, adding financial services has two benefits. Both companies spend hundreds of dollars acquiring drivers. Then they have to make up that cost through margin on rides. It’s much faster to make up that cost if they also have margin on banking services. Furthermore, if I’m a driver, I’m more likely to stay with a company that is also providing my financial services. [B] Ultimately, if successful, Uber and Lyft might need to acquire fewer drivers, due to better retention. This is not just a consumer phenomenon. [C] It’s also happening in B2B. Take Shopify, for example, which provides website services for any merchant for a monthly subscription fee. Or Mindbody, a company that helps fitness studios like yoga studios manage their businesses, also for a monthly fee. Turns out both of these companies make nearly 50 percent of their revenue through financial services. So, why is this fintech explosion happening now? The “as a service” infrastructure is coming to banking." Answer the questions related to the Case: Insert the following sentence in one of the alternatives marked [A], [B], or [C] in the text. "Therefore, it is o
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Os três verbos frasais (phrasal verbs) do texto são make up, delve into e turns out.
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