Innovations from nonbanks will need a platform to provide distribution and the ability to scale quickly. Smart bankers will partner with startups to provide together what neither could do alone.
After failing to respond to customer demand and missing tectonic shifts in money transmission and online and mobile payments, banks have an opportunity in the emerging area of cryptographic money.
What products and services will tomorrow's banks offer that truly add value and that customers will be willing, even happy, to pay for? We asked contributors to think big and broad.
Much must still be clarified about the new currencies and few have developed viable or secure business models that warrant defensive movement from the traditional banking sector just yet.
Regulators can use the power of Big Data mining and pattern-matching algorithms to seek out triggers of contagion across an interconnected financial system.
