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Banks: Innovate or Die!

Event Interactive 2011
Format Panel
Organizer Rob Garcia – Lending Club Corp
Description Are big banks too big to...innovate? It's clear that big banks have lost their innovative edge. Strict new government regulations and frustrated customers walking away haven't even sparked creativity from them. Luckily for consumers, there is a new wave of financial service innovators pushing the limits. Incorporating cutting edge technology, social media and -- believe it or not -- genuine customer service, this new group of financial players are giving traditional banks a run for their money. The Banks: Innovate or Die! panel will discuss why big banks are failing with today's Web 2.0 consumers, and will examine the new players in the space who are stealing customers away due to their innovation.
Questions
Answered
  1. What's the current banking landscape?
  2. Traditional Banks not innovating: what's the problem?
  3. What are the coolest innovations changing the way we bank in the last year?
  4. What does banking look like in the future?
  5. is it too late for Big Banks? What can they do to compete?
Level Intermediate
Category New Technology / Next Generation
Tags Banking, innovation, Web 2.0
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