The article explores the potential for banks to adopt telecom-like business models and vice versa, discussing the implications of such a shift in the financial services landscape. It raises questions about customer experience, regulatory challenges, and the future of both industries amidst increasing digitalization and competition.

Fintech investing requires a nuanced understanding that differentiates it from traditional tech investments. The article outlines six essential lessons that experienced investors, referred to as "locals," recognize, emphasizing the importance of technological innovation over mere financial product development. Key factors include understanding diverse business models, navigating regulatory landscapes, and recognizing the significance of founder experience.