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Wednesday, July 6, 2011

Upstarts give traditional banks a run for their money with digital

A story from Marketing Daily looks at a recent report about the progress of banks in the digital space... and finds that innovation in online services is coming from some non-traditional financial services companies.  Click here to see the story.

Implications:  This article/research suggests that having “a blank slate” to work with is a luxury unique to start-ups.

Do you agree with that assertion?  Is your experience in you category of business an asset, or a liability?  Does your legacy in an industry prevent you from creating a start-up approach to a new business initiative?  It’s a worthwhile conversation to have with the leadership and ownership of your organization.

Mike Anderson, for the Elm Street Economics consumer trends blog. A service of The Center for Sales Strategy, Inc.

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