The noise is often much louder than the reality in the marketplace. And, in the midst of this distraction, many banks are forgetting their marketplace advantages and are blaming their inactivity on fintechs. Instead of embracing the next shiny object, they resemble a ‘deer in the headlights.’
At the end of the day, it is not about the technology. It is about what the technology creates. Bankers do not need to deeply understand the underlying technology to realize that the original rules of business remain the same.
For more on this story visit the following link: Fintech: Banking Disruption or a Distraction?
Source: The Financial Brand