Despite Mistakes and Disruption, Banks are Here to Stay

Building Relationships with Financial Partners
Disintermediation in the financial industry has Banks on the run. The industry leaders are heavily investing in technology and technologists to keep up with emerging competitors in payments processing, deposits, lending, and brokerage. The industry laggards will evaporate. This is part of the narrative much ballyhooed by proponents of #fintech #disruption and #whatever. But while banks are changing service delivery models, they are likely a fixture of our domestic economy for the foreseeable future.
Despite the threat of new entrants, regulation ensures that it is very difficult to start a new bank. The move to…

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