A company like BoA will eventually choke until this in the future.
Also, this stuff sounds great until you need improved peering, or software-defined networks or massive bandwidth improvements, etc.
... and I get that the HN community is clever but banks and other institutions like this REALLY struggle to find this talent.
$2B is a lot except when you're losing $10B a year in revenue because you can't compete in the market.
In a way this would be like Amazon arguing it should build its own bank. It's not what they're good at... Focus on your strengths.
A company like BoA will eventually choke until this in the future.
Also, this stuff sounds great until you need improved peering, or software-defined networks or massive bandwidth improvements, etc.
... and I get that the HN community is clever but banks and other institutions like this REALLY struggle to find this talent.
$2B is a lot except when you're losing $10B a year in revenue because you can't compete in the market.
In a way this would be like Amazon arguing it should build its own bank. It's not what they're good at... Focus on your strengths.