SelfWealth’s Andrew Ward says CBA needed ‘5000 meetings to get anything done’ | afr.com

Pitt Capital director Dean Price joins the SelfWealth board and predicted that despite the bold talk from the major banks, they would regret failing to capitalise on ideas from disruptors such as Mr Ward.

“We are increasingly going to see the incumbents, the banks and wealth managers, losing market share to these innovators.”

“What is certain is that the way money is moved around in the market is currently inefficient and expensive, doing away with the layers of administration and bureaucracy will change that,” Mr Price said.

via SelfWealth’s Andrew Ward says CBA needed ‘5000 meetings to get anything done’ | afr.com.