There is sometimes a miss-conception that the regulatory burden is saving banks from FinTech. Bank representatives sometime hide behind the regulatory pressure arguing that the FinTech sector is interesting but not at all a threat to established banks. How wrong they can be.
The music industry used to be dominated by record labels and distributors. Then Spotify came. Record distributors were made redundant and main-street mega record stores and the cool boutiques around the corner gradually realized happy times were over. To grandparents looking for Christmas gifts these stores are a rare find today as consumers have gone
