You are here

To survive and thrive, big banks need to collaborate and adapt

There are some areas that we in banking should cede to startups, often at the tech-intensive end, says the writer.

IT HAS become so widely accepted that financial technology (fintech) startups are bold, nippy, innovative predators, and the big financial institutions are their lumbering, sclerotic - and probably doomed - prey, that what I am about to say will be seen by many as a shocking heresy.