Red flags in financial services

Nice podcast from Odd Lots discussing the Wirecard fraud. Lots of insights but my favourite is to be wary when you see a financial services company exhibit high growth while maintaining profitability.

There may be exceptions to the rule but that is not how the financial services market normally works.

podcasts.apple.com/au/podcast/odd-lots/id1056200096

Tony — From the Outside

Author: From the Outside

After working in the Australian banking system for close to four decades, I am taking some time out to write and reflect on what I have learned. My primary area of expertise is bank capital management but this blog aims to offer a bank insider's outside perspective on banking, capital, economics, finance and risk.

One thought on “Red flags in financial services”

  1. “… financial services company exhibit high growth while maintaining profitability” – to all those in awe of fintech, please try to understand the business model. The market of payment services is competitive and has two important, establisher players: Visa and Mastercard. No way they will give ground to a startup if it wasn’t risky.

    Liked by 1 person

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