Rory O'Driscoll

Because the Brazilian banks were inefficient.

Because the Brazilian banks were inefficient.

I think all these fintechs, I mean, it's proven markets.

I think all these fintechs, I mean, it's proven markets.

It's a function of how egregiously priced the incumbents are.

It's a function of how egregiously priced the incumbents are.

You know, Europe, especially when it had non-single currency, you had all this foreign exchange, because you guys aren't into Europe.

You know, Europe, especially when it had non-single currency, you had all this foreign exchange, because you guys aren't into Europe.

You had, you know, the FX chargers.

You had, you know, the FX chargers.

You had all this transporter bullshit.

You had all this transporter bullshit.

And Revolut just blew a hole through that.

And Revolut just blew a hole through that.

So I think it's amazing.

So I think it's amazing.

And I know you're a big fan of the CEO and I wish him all the best and pound those old school European banks into the dirt.

And I know you're a big fan of the CEO and I wish him all the best and pound those old school European banks into the dirt.

I mean, at some point we're going to have to deal with the fact that the largest bank by market cap doesn't do much lending.

I mean, at some point we're going to have to deal with the fact that the largest bank by market cap doesn't do much lending.