Half of all US banks could be gone in the next decade. That's Joe Mancini's prediction - and he would know. He's been through three bank M&A deals, most recently as COO at BankProv when it was acquired by Needham Bank.
I've been talking about bank M&A a lot lately because it affects everyone, not just bankers. We all need a bank to function in the world - to get paid, rent an apartment, receive welfare etc. So what happens when banks start disappearing?
Joe and I got into ALL of it on this episode:
- Why $10.1 billion is the worst size for a bank to be
- How Needham Bank integrated BankProv over a single weekend
- The embedded finance future and who's going to win
- Whether branches will exist in 15 years
- How banks might use your data to offer you loans before you ask
- Why the talent crisis is accelerating everything
If you want to learn more about the future of banking, check out this episode.
