You don't want to listen to this podcast.
But you need to.
What banking futurist Brett King paints is a dystopian picture of financial services tomorrow where, increasingly, consumers want frictionless money transactions, they don't give a hoot about banks vs. non banks, and they have no interest in a relationship with a one stop financial services provider.
Credit unions still think they are special. Think again, warns King.
What matters today is digital. Period. Sure, King, as the founder of digital bank Moven, has a bias.
But he very probably is right.
Financial institutions are getting left behind as the biggest banks get bigger - lots bigger - and fintechs gobble up profitable slices of the financial services pie.
Along the way in this provocative conversation, King talks about the new Apple credit card, why Apple Pay has stalled, and the inevitability of real time banking.
It's a look into tomorrow.
And, yes, it may sound like a horror film.
But at least when you know what's ahead you can start preparing for it.
Find the full CU2.0 Podcast archives here -- Blogger: The McGarvey Credit Union Podcast - All posts http://bit.ly/2UhZd1H
Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available.
Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto.