The traditional banking model in the United States, despite a running start of over two centuries, has, in just a few short years, discovered that every facet of its basic business model is under attack both perceptually and economically from hundreds of new entrants.

For a long-established system of business for which customer trust is foundational to have no participation in the very conversations shaping expectations about its future is not only remarkable, it is dangerous.

It implies, ultimately, a critical lack of confidence in the underlying enterprise by all stakeholders – whether customers, regulators, investors, or the general public. And as we know, confidence is even more critical to a securities- and exchange-rate based financial system than it is to virtually every other type of commerce.

When we survey the enormously broad landscape that comprises FinTech, and the dominant conversations in financial circles, specialized and general press, and in social media, about the future of banking, those conversations almost uniformly fail to involve banks themselves.

The financial services industry, especially consumer banking, has become completely separated from the discussion of its own future.


Current Insights

August 6, 2015
Lending and fintech

Lloyd, Can You Spare a Dime?

Lending and Fintech Having spent a couple of decades working in the trenches of financial services, I can say that one learned behavior yet to leave me […]
June 17, 2015
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Credit Where Credit is Due

For at least as long as humans have been recording history, we’ve been borrowing from one another. And, even without the benefit of spreadsheets, financial models, […]
May 11, 2015
WTB_Apple_Store_2

Looking for Bonds? Think Twice About These Apples

The last two articles related to debt that I posted here on Seeking Alpha focused on what is, essentially, the anti-Apple (NASDAQ:AAPL) from a profitability point […]
April 3, 2015
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A Payments Saga

We think about FinTech here, a lot. First, it dovetails neatly with the fact that I spent almost twenty years working at a host of financial institutions, from monstrous international banks to niche investment advisory firms. Second, it is almost unbearably obvious to me how much change is on the way when it comes to banking.