tech has control – a lot of it. A small handful of
technology-oriented companies from the west coast of the US
have used their expertise and rapid growth models to completely
dominate commerce, communication, information, data, and so on:
essentially, the composition of daily life in 2019.
Four companies have so much power it is nigh-on impossible
for startups – even some established companies
– operating in the same field to compete.
As these megalithic players move into the world of finance
it is only inevitable that the industry will begin to take heed
of what Facebook is planning with Libra, what Apple's
intentions are with its new credit card offering, and whether
Amazon will succeed in establishing itself as a commercial
banking entity. That said, with collaborations between the
financial powers of New York and the experience-led
counterparts in Silicon Valley playing a crucial role in these
early stages, exactly how...