This article has a strong sideline of Banks fear of fintech startups eating their lunch and goes on to cite 2 specific examples of large banks doing things the

This article has a strong sideline of Banks fear of fintech startups eating their lunch and goes on to cite 2 specific examples of large banks doing things the disruptive way: Chase disbursing loans thru ondeck.com and Deutsche Bank sending its COO to built a totally Digital "startup bank". In reality the culture hasn't changed at all - both in my personal experience as well as others I've talked to. Dealing with mid-level Bank managers is till pretty much a "closed club" game. The attitude seems to be (1) either you get to Series A/B before we talk to you - at which time its too late because the business model for a fintech startup is defined early on -well before Series A or (2) Sorry we just don't deal with startups (and cite some regulatory "grey area" as an excuse). Unless the culture changes down to mid-level ranks Banks will loose big time