Identify Your Current Business Model

Silicon Valley is coming.There are hundreds of start-ups with a lot of brains and money working on various alternatives to traditional banking.

—Jamie Dimon, CEO, JPMorgan Chase

RETAIL BANKING IS CHANGING. More than half (51 percent) of banking executives surveyed by Business Insider predicted that financial technology (fintech) disruptors would see the most success in retail banking, including areas such as depositing savings, managing transactions, and providing loans.1 Major consumer banks expect retail banking to plummet from 35 percent of revenues to only 16 percent by 2020.

What is happening? Network business models are engulfing financial services just as in other industries. In short, fintech ...

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