Death by a thousand cuts – the great unbundling

Great piece in the Business Insider on how banking services are being unbundled by lots of small, nimble and well funded digital startups. ¬†This trend will undoubtedly impact super funds who are mostly so far behind the 8 ball in terms of digital services and UXP that they’re practically sitting ducks.

The BI article links to a great pic by Union Square Ventures analyst Alex Pease that shows how start-ups are disaggregating traditional banking services (including wealth management) piece by piece. Talk about death by a thousand cuts.

disaggregation of a bank