In his most recent book, Bank 4.0, Moven founder Brett King explains how U.S. banks and regulators are still significantly behind other countries when it comes to digital; banks have made strides with better tools available but they still rely heavily on branches and their traditional revenue model; King explains to Forbes, “Old regulated systems on rails can’t survive — even with protectionism — because they simply aren’t fast, flexible and scalable enough in a world where 200,000 internet-enable smartphones are sold every hour of every day.”; he also goes on to say banks should be putting their head of digital ahead of their head of branches or else risk the fate of blockbuster or Kodak. Source.