Banks were developed way way before the 1600’s in venice this guy is off his rocker.

I don’t even know all the details, but the ancient romans and greeks had extensive lending. The middle east had lending. Islam basically outlawed usury when it took off too. As did the catholic church. The knights templar were given an exemption on lending to fund the crusades, etc. To call those anything other than banks is semantics.

But even just the term banks, existed from at least the genoese that predated the 1600s considerably. Not just moneylending they have actual banks called banks.