Could this public fintech stock crash be an opportunity for firms to take the big risky bets they previously held back to protect near-term earnings and frothy stock prices?
They've got practically nothing left to lose so maybe now's the time to finally do something new.
Let's look at recent history - in last financial crisis ('07 - '09):
Visa added global mobile payments & NFC ('08)
Fiserv launched mobile banking ('08)
Green Dot bought a bank* ('09)
PayPal launched open API platform ('09)
*pre-IPO but didn't pull back
Here's to hope.
