Automation is the Silver Bullet in Competing with Banks

Writing in TechCrunch, Tally CEO Jason Brown talks about the key to competing against the banks as they try to re-enter markets they left after the financial crisis; Jason points out that after the 2008 financial crisis the banks moved out of areas they perceived to be more risky; this move allowed an entire fintech ecosystem to be built; with the advent of new technology, in particular AI based technologies, fintechs can now offer services in a frictionless environment; in recent years banks have started to move back into this space and are offering similar services; intelligent automation is the key to stay ahead of what banks are trying to do, without it fintech will find themselves at a big disadvantage. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.