The Bank of Google. Does every big tech giant want to be a bank? Maybe… Probably!

By Ilias Louis Hatzis on The Capital

In 1994, Bill Gates said: “We need banking, but we don’t need banks anymore.” So why hasn’t Bill Gates opened a bank? Well, because technology giants don’t really want to be banks. Banking has a lot of the audit and compliance overhead, that tech giants don’t need or…