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Fintech offers opportunity for innovative incumbent banks, a threat to those slow or unable to adapt
April 24th, 2018 (8.27mins)
Sean Marion and Aleksander Henskjold

​​In this episode of Moody’s bank credit podcast, Sean Marion, Managing Director for EMEA Banks, and Aleksander Henskjold, a Moody’s bank analyst based in London, discuss how the accelerating application of digital innovations will continue to drive disruption across banking. Sean and Aleksander discuss Moody’s view that incumbent banks which actively pursue agile digital strategies will prosper, upholding their creditworthiness, while banks that are slower or unable to adapt risk being displaced.


They explain that the change will vary considerably by region, sub-sector and institution, but identify four active arenas in which the bank of the future will be forged – customer expectations, competitive dynamics, infrastructure and regulation – covering the broad implications of each for banks and financial services more broadly.

Fintech - Global: Bank of the Future: Innovative incumbents will thrive; laggards will be disrupted
Incumbent banks that pursue agile digital strategies will defend their core franchises, broaden their customer bases and improve efficiency, supporting their creditworthiness. Laggards will face increased customer attrition, reduced pricing power and uncompetitive cost structures…​