Since the beginning of the Australian fintech boom, headlines have proclaimed how Australia’s largest financial institutions should be running scared from startups.
Now the big four have had a chance to retaliate, what can their reaction tell us about how these stoic organisations deal with disruption?
Each of the big four has dealt with their fintech rivals in a very different way, and for some of them, the cracks are starting to show.
Speaking at an event in Sydney in June 2016, NAB chief executive Andrew Thorburn said the bank emulated the traits of its startup rivals.
For more on this story visit the following: Fintech lessons from the big four banks
Source: Digital Finance Analytics