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@gtillman
Jun 9, 2017

Insights from the future of banking session at #xfin. Brett King - futurist, author of several banking books, and CEO of Moven - explained how there are really only 3 options for banks to compete in the future: 1) partner, 2) acquire, or 3) mimic. Since banks no longer own the distribution channels, they have to modify their operating models and adapt to the changing market and customer needs/expectations. And let this thought blow your mind; industry experts predict that by 2025, Alibaba will be the largest “bank” in the world. Larry Summers, Harvard professor and former treasury secretary under President Bill Clinton, has some interesting thoughts of his own...

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