Brett King: The Biggest Competitors of the Banks Are Not Just Banks

Brett King, our sought-after banking expert and speaker, and founder of the Movenbank talks about the future of banking – the biggest competitors of the banks are not just banks

King said that the first moves by outsiders such as Apple into banking (which seems likely to provide near field communications functionality on the next version of the iPhone) and the telcos would take a place in a “divided” banking industry.

“If you don’t have a relationship with your customer digitally you don’t have a relationship,” he said.

Here is Brett’s insights on the banking industry:

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