Is The Banking Industry Experiencing a ‘Fintech Moment’?

 

I wrote a piece for The Financial Brand that examined the trend of comparing banking’s response to fintech to failures by Kodak, Blockbuster, Borders, and others in implementing technology.  I posit that the failure isn’t one of technology implementation but of lack of strategic thinking.

The Financial Brand described it thus:

There are many analogies between the competitive pressures facing the banking industry and the forces that killed Kodak, Blockbuster, Borders and taxis. These comparisons emphasize the importance of not being complacent, and why banking providers must innovate and respond to consumer expectations.

You can read the piece here.