I disagree about getting together for an ASX listing; a backdoor listing costs $500k; small change.
There was a thoughtful article in the SMH 21.7.17 on P21
I will repeat here the relevent part
"Banks could face a Kodak moment where they approach obsolescence in 5 to 15 years at the hands of new financial technology companies.
The industry is being transformed by technology; customers realise there is a totally better and different way of doing what they want to do.
A wave of fintech startups have made their first inroads into the market."
Tyro seems to want to become a bank.
R Ferguson was CEO of BT Bank back in the 1980s I think.
Corum has a payments system and cluey software engineers.
A match made in heaven? I don't want to wait 15 years but it suggests structural change is in the air!
COO Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
