"The fundamental problem with banking is that it hasn’t changed or reshaped in centuries,"

Why is that a problem? Change for change's sake is stupid.

"In fact, it should be so far removed from what we call “Banking” today that it should not even make sense to some people at first. "

That will make it so easy for me to trust your bank.

"The next generation of banking should start off as a data company. "

Why? Because so-called big data is "in"? How exactly does making my bank a data broker make it a better place to keep my money?

Hey, you know the old saying... if it ain't broke, fix it with data.

Time to break out one of my pet peeves: Inactive account fees.

If I stick money in a bank account and just leave it there, does that cost the bank money? No. (Transactions cost the bank money; non-transactions don't.) The inactive account fee looks a lot like "If you're not looking, we'll see if we can take some of your money". It would be quite reasonable to look on that as stealing.

Damn right! And good post!

Damn right!