Where Do Banks Fit In The Fintech Stack? Federal Reserve Governor Lael Brainard - At The Northwestern Kellogg Public-Private Interface Conference On "New Developments In Consumer Finance: Research & Practice"

We can learn a lot from the evolution of smartphones as we try to envisage where the fintech ecosystem--and banks' role within it--might be heading in the future. Smartphones have ushered in an age when different companies can easily work with each other's products to seamlessly provide services to consumers. Today I want to reflect on what we might learn from that model about the increasingly interconnected world of financial services.