Our CEO, Eugene Danikis comments on a recent Financial Brand story on the future of legacy banks: Four Out of Five Legacy Banking Firms Could Be Gone By 2030, Analysts Warn.
The story quotes Jo Ann Barefoot as saying: “That’s the nature of the change underway in finance: It’s evolving slowly in plain sight, but has entered into an exponential, ‘hockey-stick’ acceleration driven by the exponential growth of technology in all sectors.”
In general, I agree with the assessment that Gartner’s projection is “directionally correct,” but is too severe — the real world won't be so black and white. If perhaps the caveat was "four of five legacy banks would be unrecognizably different in 2030" that would be something I could subscribe to. After all, dinosaurs aren't really gone. They're just birds..."
Read the full story here
Four Out of Five Legacy Banking Firms Could Be Gone By 2030, Analysts Warn
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Our CEO comments on a Financial Brand story on the future of legacy banks.
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