“All banks do is really data, so when you open that data up to third parties it allows for the first time a separation between the person that manages the customer relationship and the person that provides the balance sheet services,” Antony Jenkins, the former Barclays chief executive who has reinvented himself as a fintech entrepreneur, says in a video interview. “The winners in this are going to be the people who can take that data from multiple financial institutions, combine it with other data sources and add value back to the customer,” says Mr Jenkins, who founded 10x Future Technologies to help banks manage their data better.

https://www.ft.com/content/e026eb2e-f6c7-11e7-8715-e94187b3017e