The DeFi mullet — Fintech needs DeFi in the back

Fintechs’ reliance on legacy financial infrastructure keeps them slow, costly and inflexible. It’s time to flip the script with a DeFi mullet. This way, companies can deliver more transparent financial services.

Opinion by: Merlin Egalite, co-founder at Morpho Labs

Fintechs in the front, decentralized finance (DeFi) in the back: the DeFi Mullet.

Today’s fintech companies offer excellent user experiences but are constrained by traditional financial infrastructure — siloed, slow, expensive and inflexible. Meanwhile, DeFi provides lightning-fast, cost-effective, interoperable infrastructure but lacks mainstream accessibility.

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