See below tweet:
I don’t know that I agree with his take that banking has been disrupted.
Payments have potentially been disrupted by new technologies, but I don’t think the banking business has.
Who can and can’t lend money commercially is regulated, and when I need a mortgage or car loan I’m only going to one place, and that’s the bank.
So what’s he talking about?
Can anyone else see what part of banking has been disrupted?