The banking industry hasn’t changed in the last 300 years. Remember the Clint Eastwood movies where the bad guys were always trying to rob the bank?
The bank value proposition hasn’t changed much ever since. It was unsafe to keep all your life savings in your house or your pocket. So you needed a bank to safeguard the money. Does this still remain true?
Our current model is still true, even though the delivery mechanism and safety have improved. Banking will go through a full overhaul in the next 10-15 years.