Hintz: Fintech Coming, Looks to Eat Banks' Lunch

The transcript discusses the challenges faced by banks due to a flat yield curve, slow economic recovery, and competition from fintech. It highlights the increasing regulatory costs and technological constraints that banks face. Despite these challenges, the banking system is expected to survive, albeit with low returns. Deutsche Bank is specifically mentioned as struggling to meet its cost of capital.

Discuss the significance of the yield curve mentioned in the text.

How has fintech impacted traditional banks according to the text?

What challenges do banks face in terms of regulatory costs?

What does the text suggest about the future of the banking system?

What are some factors contributing to the low returns generated by banks?