Specifically, we think that three new business models will emerge to take market share away from traditional, full-service banking institutions that fail to adapt:
• Niche Digital Provider
• Digital, Full-Service Bank
• Big Box Bank
A few of today’s full-service traditional providers will have the foresight and financial and operational wherewithal to evolve from their existing market position into one of these models. Others will begin making the required investments to also move in that direction—advancing their
existing business models to effectively compete with new competitors