AI is going to revolutionize banking. Credit unions and banks are already being disrupted by fintechs, now AI is either going to accelerate their demise or give them a chance to leapfrog their disruptors. The choice is theirs.In this episode, I (Derik Krauss) am joined by my co-founder, Ryan Harmon, to unpack how AI could disrupt UI-based fintechs and open up new opportunities for community banks and credit unions. We discuss The Innovator's Dilemma, the benefits of launching AI-first spinoffs, and how future financial institutions might operate without traditional mobile apps or online banking. 00:00 Introduction and Recap of Previous Episode 01:11 AI's Potential in Banking and Financial Institutions 03:53 The Innovator's Dilemma in Banking 05:59 The Shift from Physical Branches to Digital Banking 11:37 AI as the Next Disruptive Innovation 17:02 The Future of AI-Driven Financial Services 23:04 AI Integration in Everyday Life 29:50 The Role of AI in Financial Decision Making 31:35 Blockchain and AI: Revolutionizing Banking 33:25 AI-First Experience: The Future of User Interfaces 35:48 Cost Efficiency in AI-Driven Banking 39:08 OpenAI's App Store: A New Frontier 40:31 Challenges and Opportunities for Credit Unions 42:58 The Innovator's Dilemma: Embracing Disruptive Innovation 46:49 Launching Spinoffs: A Strategy for Transformation 49:00 The Future of Banking: AI-First Spinoffs 50:03 Legacy Institutions and Modern Challenges 01:00:35 The Role of Marketing in Credit Union Transformation 01:03:01 AI's Impact on the Banking Industry 01:05:47 Conclusion: Embracing AI for Future SuccessHosted on Ausha. See ausha.co/privacy-policy for more information.