Bank Quote by Dan Schulman
“Everyone has all the power of a bank branch in the palm of their hand. And so in that world of software at scale, theoretically the incremental unit cost of something at scale approaches zero.”
About This Quote
Source Interview: CNBC Interview, Dan Schulman, 2020
Digital tools give individuals financial capabilities comparable to a physical bank, and scaling software reduces marginal costs toward zero.
In simple terms: Technology puts banking power in your hand and lowers costs.
Key Takeaway
Leverage digital platforms for cost-effective financial services.
Themes
technology
finance
scaling
access
cost reduction
Mood
optimistic
analytical
Type
insightful
practical
When to use this quote
- personal finance
- small business
- emerging markets
- financial inclusion
Key Concepts
digital banking
network effects
economies of scale
Questions to Reflect On
- How can businesses ensure equitable access as costs drop?
- What risks arise when services become virtually free?
A Different Perspective
Zero marginal cost may overlook infrastructure and regulatory constraints.
