On June 30th, Peter Sands, Group CEO of Standard Chartered, published an article in Financial Times called Banking is heading towards its Spotify moment. The article seems to have resonated incredibly well with the banking community: at a conference this week, two senior banking executives from different parts of the world referred to the article, while we have been discussing it with our clients. The article argues that "banking is very digitasable, but we have not yet seen the fundamental transformation of business models that have taken place in other sectors, such as music [...] Margins will fall unless banks reinvent what they offer and how they work." At Celent we agree wholeheartedly - the move towards "all things digital" is both a serious threat and an incredible opportunity in banking. The regulators and their "zero tolerance" attitude is one of the many barriers making it difficult for banks to be truly innovative. But many recognize the need for change and are investing accordingly. We are committed to helping our clients along their journey through our research, insights, and networking events. Dan in his recent blog post summarized our NYC event on Omni-Channel Delivery. We will also be hosting a banking roundtable in London on Oct 17th, "Evolve or Die: The Future of the Bank Account." Again, it will be a bank-only forum with an emphasis on idea exchange, and if you are interested in attending, please contact Chris Williams at cwilliams@celent.com or +44 20 8870 7875.