For those of you who have spent time with me, you know that I’m very much a “centrist” when it comes to the Banks vs. Innovators debate. It’s not difficult to imagine a world in which some Banks find ways to reinvent themselves, some Innovators become household names, and some companies work together in harmony to create a one plus one equals three situation.
So, when my Business Partner (Caribou Honig) wrote a post as a rebuttal to an American Banker article entitled: “Banks vs. FinTech? No Contest, Banks Win”, I had to link it here.
Caribou’s Article: Dinosaurs and Banks
The American Banker Article: Banks vs. Fintech
It’s a funny but fantastic analogy that I hope you’ll like. Enjoy!