So true.. "Banks may have added PFM and apps to their online experience, but the core engine behind such banks is still a table-driven system based on a 1970's engine".
You can’t survive much longer as a table-based bank when the world is moving so fast to a contextual based network. The context-based network recognises who I am, where I am and what I’m doing. The reason Google, Amazon, Facebook and company are so revered is that they track and trace our digital footprints. Whilst banks rely on 1970s processing to deliver 1990s internet banking in tables through 2010s front-ends, they are leaving one helluva gap for disruptors to innovate.