Explore the evolving landscape of financial services and fintech in this 29-minute talk by a16z general partner Alex Rampell. Delve into the driving forces behind innovation across core banking, new financial services, insurance, and investing. Examine how startups successfully compete with established entities, leveraging new data sources and unencumbered by legacy infrastructures. Gain insights into the expanding market, the battle between startups and incumbents, and the impact on consumer debt and user experience. Discover the progress of startups in various sectors, including insurance and capital markets. Analyze three key themes shaping the industry and understand the importance of infrastructure in driving fintech innovation.