Running Scared – Why the Bank of the Future Is Not a Bank

About 10 years from now, are we going to look back and realize that banks had already missed the massive market change and were already on their way out?

Recently, I have been having a number of conversations with friends and clients (all experts) about digital transformation and banks built for the future. On more than a few occasions, we’ve stared down the rabbit hole of tactical topics like building the best product development shop, becoming a better acquisition target or attracting millennial depositors.

In every case, they had lost the narrative about banking and I’ve had to reset the conversation. We had to get back to the first principles – a topic worthy of its own discussion.

In resetting these conversations, the following four posits are good starting points I’ve used:

Posit 1: Banking Products Not From Banks

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