Over 80% of financial institutions believe that their business is at risk to innovators.1 The fintech disruptors are free to innovate without the legacy systems, overheads and regulatory constraints of established banks. However, banks do have some advantages over fintechs: their scale, resources and experience are incomparably greater.
Being up a creek without a paddle is not desirable, but the outlook is a whole lot better if you have a spare one stashed in your canoe or know how to find the nearest paddle carpenter. At the very least, knowing whether the creek has alligators or piranhas in it is a good idea.
Sometimes it’s a good idea to step back and think of all the things we take for granted. We live in a world where we can trust the systems around us to do their jobs.
How big is a construction site? Although the physical space occupied by a new building or structure will always be finite, if we think about the location of all the participants in the construction project, then the site can encompass the globe. You might have architects in Brazil, engineers in the UK and a building site in China; construction materials could likewise come from anywhere in the world.
