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Agreed, in that specific context.

Hi Alex, thanks for your comment. I do not agree with "true potential of FinTech is in the TECH part of it". Banks wasted enough money on tech for the sake of tech, increased their IT costs, charged customers more for poorer service etc. FinTech winners are working backwards from what customers *really* want or would like, and use just the right bit of technology magic to deliver that.

Thanks for your comments Nikhil and Ketharaman! Would you say that package vendors realize this disconnect (between banks' lack of CapEx and their traditional upfront licensing/AMC model and have started to do something about it?