I think he means legacy finance - think IT department of Bank of America, not St... | Hacker News

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decafninja on July 26, 2022 | parent | context | favorite | on: Shopify to lay off 10% of workers in broad shake-u...

I think he means legacy finance - think IT department of Bank of America, not Stripe.

boringg on July 26, 2022 [–]

Stripe = fin processing.

I'm not talking legacy - I'm talking startups that are trying to take market from the bank through subsidized VC and repackage it to sell to the banks which feels like a lot of the fin services business model.

If anything fin legacy (i.e. IT dept) probably pretty safe.

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