On the positive side, fintech firms are often obsessed with being customer-centric, focusing on the needs and pains of the customer, and providing simplified, convenient, on-demand digital services. As has been noted by Professors Chuen and Teo, given their ‘legacy-free and asset-lite’ operating models, fintech firms can innovate speedily through agile approaches.
A look at the so-called Fed “dots” (which represent the expectations of individual FOMC members of future policy rates) reveals a fairly wide dispersion of views among FOMC members, but also shows how these views can change from meeting to meeting. Similarly, the New Zealand experience with publishing a forward path shows how significantly the expected path can change between meetings.