Breaking Banks: The Innovators, Rogues, and Strategists Rebooting Banking

by Brett King

"In the next 10 years, we'll see more disruption and changes to the banking and financial industry than we've seen in the preceding 100 years"--Brett King "Breaking Banks: The Innovators, Rogues, and Strategists Rebooting Banking" is a unique collection of interviews take from across the global Financial Services Technology (or FinTech) domain detailing the stories, case studies, start-ups, and emerging trends that will define this disruption. Features the author's catalogued interviews with experts across the globe, focusing on the disruptive technologies, platforms and behaviors that are threating the traditional industry approach to banking and financial services Topics of interest covered include Bitcoin's disruptive attack on currencies, P2P Lending, Social Media, the Neo-Banks reinventing the basic day-to-day checking account, global solutions for the unbanked and underbanked, through to changing consumer behavior

"Breaking Banks" is the only record of its kind detailing the massive and dramatic shift occurring in the financial services space today.

Genres: Business, Finance, Nonfiction, Banking

288 pages, Hardcover

First published January 1, 2014

About the author

Librarian Note: There is more than one author by this name in the Goodreads database.

Reviews

[Cuong Pham · Rating 5 out of 5]

Ngoại đạo trong ngành tài chính ngân hàng như mình mà còn thấy hay, hi vọng mấy anh em trong ngành Fintech Vietnam có thể đọc qua, hay các anh chị đang làm trong ngành ngân hàng mà có cơ hội thay đổi thì hãy đọc.

[AnhDuc · Rating 3 out of 5]

A lot of outdated information given the changes in tech are fast. Some chapters focus too much on explaining tech stuff.

Overall it is still quite a good book to explain pain points and efforts in fixing them in the banking industry. This book predicts the future quite well

[Carlos · Rating 3 out of 5]

An overview of some of the changes occurring in banking, particularly in regards to mobile. Dated now though, and mostly a compilation of interviews.

[Sebastian Gebski · Rating 2 out of 5]

Surprisingly weak.

Each chapter is a mix of interviews with few selected individuals who have achieves something in particular, disruptive area of modern banking business. Mix starts with a brief introduction from King himself and ends with a short summary. In general - introductions are really fine, summaries are also shaped quite well, but ... 75% of interviews is just incredibly boring. It's not that interviewees don't have anything interesting to say, simply both interviewer & interviewees aimed to be as approachable as possible (easy to understand for anyone), especially people who don't really 'get this digital thing' yet (senior executives?)

What did I like least?
* social networks chapter is abysmal - proves that even 'disruptors' in banking don't really get how they could utilize rise of worldwide social networks
* stupid question that appeared at the end of each chapter - 'how do you expect it to look alike in 5-10 years?' 5 years? 10 years? Mwahahahaha

What did I like?
* like I've mentioned already - King's intros & summaries are very well written - concise & precise (though limited in depth, as they have to reflect the interviews)
* chapter 7 (about personal finance mgmt) is quite ok

To summarize: a disappointment, unless you're still deep in 90s

[Peter · Rating 3 out of 5]

I was a bit disappointed by the book of the otherwise excellent Brett King. It is a collection of interviews from the Breaking Bank Radio shows, and i am missing guidance and direction on the deeper transformational changes going on in FinTech. The title of the book sounds aggressive, but the book is not. It starts feeling like a trick by using some strong book title, but when progressing through the book, it feels less and less about breaking banks. I was thus not surprised to read the following sentence by the author himself at the end of the book: "No, the title of Breaking Banks is more about breakthroughs and breaking the cycle of traditional thinking than destroying the old, traditional banking system"

[Neil H · Rating 4 out of 5]

I have no expectations when starting this book. The contents are light and easy to digest. There are some snippets which enlightened me. Including the unserved population which do not save enough or use to warrant the banks loan services. Where the trends are going towards especially on the adoption of debit cards. The declining use of cheques and credit cards. There are some considerations on the format of using interviews as portraying the messages for the book. I find it refreshing and allows me to pause and come back to the book. Yes, it does bear repetitions on certain points but it's not irritating.

[Jose Papo · Rating 5 out of 5]

If you work with innovation and/or Information Technology in the Financial Sector you must read this book. In each chapter the author talks about how finance is being disrupted in a specific field (like payments, checking accounts, branches, borrowing, etc). If you can't read all the book red at least the final chapter with the summary and conclusions.

[Julian Haigh · Rating 2 out of 5]

I understand Brett King is a radio man. These chapters are issue frames around conversations King had with guests on his show. It does seem to focus on the more boring consumer side of banking, but he pumps up the excitement with common Internet 2.0 hyperbole.

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[Monika Sembiring · Rating 5 out of 5]

This book really opened my eyes about fintech. After reading this book, I have an understanding about fintech itself and how it will be one of great trend in the future.