Which of the following statements are NOT true about the effects of digitalization?

i Digitalization means increasing possibilities to innovate modules without always considering the whole.

ii$.$ Digitalization means that the notion of sustained competitive advantage is increasing in importance as an explanation to which companies will be successful in the long run.

iii. Digitalization of banking means that the tightly integrated physical stack is breaking up into layers with modules.

iv$.$ Traditional banks generally have the organizational structures and processes already in place to compete on digital innovation.