Banks are just data vaults

March 20th, 2013

Banks are just data vaults:

[…] banks need to think about how they reconstruct themselves for the 21st century. What this really comes down to is that banks are becoming pure managers of bits and bytes of data. It is the data that has the value today and it is the data that is the basis of competitive battles in the future. Data is our greatest asset and raw material, not capital or people.

Think that one step further, and you end up with a radically new offering… Dropbox for strictly confidential data.

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