Counterattack: Banks’ Field Guide to Fintech Disruption

Banks are, rightly, concerned with the competitive threat posed by fintech companies. However, far too many banks’ strategies for dealing with fintech are backward looking—focused on protecting established products and business models—or dependent on broad, vaguely defined digital transformation initiatives. This report cuts through the strategic hand-waving, focuses on five specific competitive threats that fintech companies pose to banks, and discusses how banks can successfully counter these threats and better position themselves to win in today’s frenetic market.