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The big banks have been challenged to stop performing "innovation theatre" and invest more money into start-ups, or risk being disrupted by major tech players such as Apple and Facebook, which have started to creep into the banks' territory. "The banks are spending more money furnishing accelerator labs than on start-ups. It's a great example of innovation theatre where they have to look like they're busy," the co-founder of consumer fintech start-up Finch, Toby Gardner, said. "It feels as if the banks have been taking an imitative, not innovative, approach ... but they're learning now that these technology companies aren't looking to make friends." The comments from Mr Gardner come […]