That's a sudden rush of venture money

Bloomberg: For all the changes imposed by policymakers, it’s the propellerheads in London, New York, and Silicon Valley who may truly rewire the business of banking. Venture capitalists, angel investors, and bankers themselves have plowed more than $24 billion into fintech startups worldwide in the last two years, according to Innovate Finance, a London-based trade group. “There’s a fundamental change taking place in banks,” says Sam Hocking, who was once co-head of global sales at BNP Paribas’s prime brokerage unit. “They see the unbelievable costs in their technology, and if there are ways to bring them down by working with outside firms, that’s got to be meaningful.” Hocking now runs AltX, a San Francisco-based startup that produces portfolio analytics for hedge fund managers and investors.

From an article about the terrible shape of European banks.   But, $24 billion over two years just to get SmartCards and banker bot?  On the other hand, imagine those startling wages garnered by these brilliant math kids.