James Eyers from the Australian Financial Review reports on Thomas Vikstrom’s comparisons between building an electric car and building a start-up bank. For example, both are capital-intensive and require investors to understand there will be a long wait for any returns.
“To make a dent in banking, you have to provide something that disrupts the entire technology stack, vertically and horizontally. That is what enables the transformation of an industry, and there is a huge opportunity to do that with Xinja in Australia.”
Thomas Vikstrom’s is the leader of the technical committee of the board at Xinja.