There is also a sense of doom for traditional banks — they seem to be institutionally incapable of incorporating these powerful and fast-moving trends. If they do not try, they are finished. The days of the three year procurement cycle, internal construction of backbones and endless turf wars among squabbling divisions must end or traditional banks are finished as a species. The apps come one after the other. Many will stick and get very big.  Increasingly, banks that create smaller and autonomous horizontal divisions will win by acting quickly and adapting to the environment, such as outsourcing their technology. So far, the only bank to do this is UBS.  Hats off to them.  UBS gets it.