Both Amex (AXP) and PayPal (PYPL) are disadvantaged by legacy systems. This is not news to anyone who has worked with Amex or PayPal as a service provider. Management of each company is likely to continue to sweep the problem under the rug out of fear of disappointing Wall Street in the near-term (it is … Continue reading Legacy Technology Is Dragging On Amex & PayPal
Several weeks after publishing our podcast episode, Amex CEO Ken Chenault announced he was stepping down. Not a moment too soon in our view. Amex is not innovating and Financial Services and FinTech is an Innovator's Game. Listen to TEK2day Podcast Episode 35.