“…Therefore, considering recent experience, reckless entry by the banking sector into Fintech development, and the desire to incorporate such veiled risks for diversification and profitability, should perhaps be considered with caution in light of recent sectoral fragility. Perhaps, substantive evidence of irrational exuberance should act as a warning to the inherent risks incorporated (Cheah and Fry, 2015; Gandal et al , 2018; Corbet et al , 2018; Griffin and Shams, 2020; Gemici and Polat, 2020; Andrade et al , 2021; Hazgui et al , 2021), with a revised warning that the traditional banking sector should not forget recent lessons of the past and that their primary duty and service to the customer is that of banking. However, we weigh this concern with the caveat that the only way to progress an entire sector is through exploration and some moderate risk-taking.…”