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Risk of banks in the world becoming ‘stupid pipelines’

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Most banks have the wrong strategy, wrong structure, and often too much legacy to develop new technology to benefit their businesses. As a result, many are making the same mistakes as the major telecom providers nearly a generation ago, in that they risk becoming “stupid pipelines” where huge sums of money are channeled. spend on core infrastructure, but real profits can be made by more nimble participants.

https://www.washingtonpost.com/business/the-worlds-banks-risk-becoming-dumbpipes/2021/12/02/57da9778-5381-11ec-83d2-d9dab0e23b7e_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business Risk of banks in the world becoming ‘stupid pipelines’

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