At the Money20/20 show in Amsterdam several fintech company CEOs expressed confidence that big tech companies are coming to the fintech sector; OakNorth CEO Rishi Khosla said, “Big tech has always been a very strong contender to actually come in and own parts of the financial services chain,” adding that his company was already in talks with some tech companies over a potential partnership; Marqeta CEO Jason Gardner said, “We believe in the future whether it’s the bank of Facebook, bank of Amazon, bank of Google, they’re going to need to leverage that existing infrastructure”. Source.
