This headline in the Financial Brand caught my attention along with a comment on Chris Skinner’s Blog that Banks as we know them, have a lifespan of around 5 years.
Similar themes from different angles – the first saying that the move to digitalisation will do away with thousands of jobs in the banking industry and this is already evident. The second clear message is that if banks do not get on the Digital bandwagon they will not survive.
Whatever theme you support – or don’t – the message is very clear. Banks and banking is changing – or it better, if it is going to survive.
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