Posted by Lending Club :: March 11, 2011 @ 11:39 pm

Many banks have gotten too big to fail (and gotten even bigger recently), but have they also become too big to...innovate? It's clear that big banks have lost their innovative edge. Frustrated customers are walking away from banks, but this seems to not have sparked creativity from their upper management. Luckily for consumers, there is a new wave of financial services innovators pushing the limits. Incorporating cutting edge technology, social media and -- believe it or not -- genuine customer service, this new group of financial players are giving traditional banks a run for their money. The Banks: Innovate or Die! panel will discuss why big banks are failing with today's Web 2.0 consumers, and will examine the new players in the space who are stealing customers away due to their innovation.

Panel Details:

When? Saturday March 12 at 11:00am
Where? Hilton F/G
Who? Brett King (Author, Bank 2.0), Bob Weinschenk (CEO SmartyPig), Joshua Reich (CEO BankSimple), Anna O'Brien (Former VP of Social Media at CITI) and Rob Garcia (VP Product, Lending Club)

Read more about what the panel will cover: Innovative Startups Taking over Banks

Want more? Check out these other financial innovation panels at SXSW Interactive.

@RobGarciaSJ