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This investment is really needed to help the banks rebuild their consumer value proposition and continued relevance in the market. I can not wait to be "wowed" by the banks.

I agree with the author. Why would Google or Facebook want to become a bank? It is too costly and would hurt their stock price. They came get the best of both worlds by continuing to disrupt the retail and payments value chains.

Digital Banking is changing the way banks sell and service their consumers including small business. As behavior changes and acceptance of new digital channels increases, banks have a great opportunity to Rethink their branch models -- less real estate but more technology. But, it will take some time to transform from bricks and mortar, especially in those cases where the bank has longer term leases. It is am exciting time to be in banking!

I agree it must be $ millions, not $ bilions. But, the fact still remains the systems was compromised which hurts its future growth.

There are new solutions that can enable real time payments in the market. They are built with real time in mind and do not have a batch legacy.

I liked your remarks on intraday liquidity, especially your thoughts on enabling regulatory compliance and also providing business value to corporate clients since they need real time liquidity information. There are two key technologies that can enable real time liqudity management: 1.) establishment of a payments hub , and 2.) predictive analytics.

It is a great time to be in the payments business. Lots of change and uncertainty will only make the consumer value proposition stronger in the end!  I agree there will be a lot of fallout in the next 5 years. Those companies that have capital and can create value for consumers and the retailers will WIN. There are a lot of disrupters that we think are really COOL, but in the end they are probably at the highest level of risk of failure since their value propositions will not stand up to the realties of the marketplace.