I just finished up a post based on some conversations I had at Finovate last week. In trying to understand why startups are so much more likely to invent new experiences, I came across a (possibly terrible) analogy that I loved.
Over the past several months, I've been networking with people across the FinTech industry. One of my favorite "stump speeches" is on the future of banks. Long-story short: banks have a choice to either innovate their way out of the trap they're in, or they can embrace it and change their business model.
Both paths have their challenges, but I don't think they'll have time to wait. They need to make a choice.
For the short-story long, click here.