The struggle for banks to successfully defend on all fronts (shareholder, customer, regulator, competitor, disruptor) is real.
And the pace of capital flowing to fuel the dislocation is accelerating.
As Brad points out, partnering (versus internal application development) is now the basis [not for winning] but for survival.
FinTech investment has more than tripled over the past three year — rising from $928 million in 2008 to $2.97 billion in 2013 – with fintech investment increasing at more than four times the rate of overall VC investment. (Source: Techcrunch)