Financial technology (fintech) darlings Lending Club and OnDeck have lost more than half of their value since their IPOs. Writedowns have inspired two reactions in executives at financial services firms: smugness and the killer instinct. Digital skeptics feel vindicated, while digital aspirers want to make acquisitions on the cheap. Both reactions are dangerous. This report explores what fintech trouble means for digital business strategy professionals at financial services firms and recommends how they should respond.