{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"A2Z Fintech","title":"S2E11 — Pit Wall, Podium and Pie: Q1 2026 Fintech Scorecard","html":"","width":"100%","height":180,"duration":1258,"description":"Ninety days ago we made ten fintech predictions on this podcast for 2026. Today we graded them in public. Four have already played out fully. Three are directionally correct. One is spectacularly wrong. One is still waiting on a phone call from Ben and David at Acquired.This is the Q1 2026 fintech scorecard, recorded at the quarter-pole of the season. Mastercard's $1.8 billion acquisition of BVNK and Visa Direct's $3.5 billion in annualised stablecoin settlement volume closed out the card networks' capitulation to stablecoins. The OpenAI-Microsoft partnership restructured through a $250 billion Azure commitment and effective compute autonomy for OpenAI. Compute nationalism went mainstream, with sovereign cloud tracking towards $80 billion in 2026. And the Ive-Altman hardware prototype leaked to reviews that, politely, read as paperweight.Aman Narain and Zubin Vandrevala break down all ten fintech predictions: the four on the podium, the three directionally correct, the one spectacularly wrong (JPMorgan-Nubank), and the one still pending. They diagnose why the misses happened, and publish the Q2 to Q4 watchlist: stablecoin integration speed, agentic liability, Nubank's US charter, and the PayPal endgame.Key takeaways:1. Mastercard's $1.8 billion BVNK acquisition and Visa Direct's $3.5 billion in annualised stablecoin volume confirm the card networks have stopped fighting stablecoins and started operating them.2. The OpenAI-Microsoft restructuring, a $250 billion Azure commitment paired with compute autonomy for OpenAI, is a conscious uncoupling dressed as a partnership renewal.3. The UK Competition and Markets Authority made businesses fully liable for their AI agents' actions, building the legal framework for agentic commerce through liability rather than licensing.4. The fintech predictions that paid off were structural reads of institutional behaviour. The one that missed mistook a neat story for the system's actual logic.5. GPU clusters are now held by...","thumbnail_url":"https://img.transistorcdn.com/7Qyf0xWmHeg7LEUFCI-k-jpWOtyK3SxMMPFnu7Noa5M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS84ODdh/NDVjNDFmYzZiMzFj/OWY5MzM3YjExNDAw/YTQ4NC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}