Antony Jenkins Says Banks Could Face Obsolescence

The transcript discusses the potential transformation of the banking industry, drawing parallels to Uber's impact on taxis and Kodak's decline. It highlights the growth of fintech, the challenges faced by traditional banks, and the importance of cultural change. The introduction of PSD2 regulation is seen as a significant factor in reshaping banking, with technology companies potentially taking over profitable activities. The future of banking is envisioned as app-based, with AI-driven services enhancing customer experience. The transcript also touches on the challenges and opportunities of entrepreneurship in the banking sector.

What transformation is being compared to the impact of Uber on the banking industry?

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How has mobile banking affected branch traffic according to the text?

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What does the term 'Kodak moment' refer to in the context of the text?

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What challenges do large organizations face when trying to transform in response to disruption?

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What is the significance of the PSD2 regulation mentioned in the text?

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How do technology companies pose a threat to traditional banks according to the discussion?

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What opportunities do entrepreneurs have when starting new ventures in the financial services industry?

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