Banks aren't as stupid as enterprise AI and fintech entrepreneurs think

So much abstract technology, without critical discussion, deep product management alignment and crisp, clear and business-usefulness, makes too much technology abstract from the material value it seeks to create.Second, banks are not reluctant to buy because they don’t value enterprise artificial intelligence and other fintech. It’s a tough question for many enterprises to answer.If they get it right, banks can obtain the true value of their domain expertise and develop a differentiated edge where they don’t just float along with every other bank on someone’s platform. They don’t want that competitive edge floating around in a data lake somewhere.From banks’ perspective, it’s better to “fintech” internally or else there’s no competitive advantage; the business case is always compelling. Though, this is an example of a super alignment between creative fintech and the bank being able to articulate a clear, crisp business problem — a Product Requirements Document for want of a better term.