Banks spend a great deal of time, money, and energy building technology to compete with fintech companies, but the CEO of innovation software maker Spigit has a message: Don’t bother.
Why is that? “You’re too late,” Spigit CEO Scott Raskin told Bank Innovation, referring to the banks.”By the time these companies reach seed funding, you’re playing catch-up. Before they’re startups, when the idea is in their head, they’re your employees.”
