&gt; The financial world is absolutely ripe for an overthrow...<p>No it is not. Regulation in Financial Services exists for a very good reason. To protect you the customer against the various kinds of risks.<p>When you run a company and borrow a significant amount of money from a lender you do not want that this lender changes terms half-way through because they are in trouble re-financing their portfolio. The same applies to due-diligence in credit underwriting. Social scoring was hailed as the future of credit origination but it does not work at all (yet). No social characteristic is correlating at to defaults.<p>What if you deposit your life savings or life insurance with a fintech startup and they do not survive (for whatever reason). Then what?<p>There are a lot of businesses out there relying on a stable financial systems. Fintech companies will work with established players to bring faster technical implementations and MVP&#x27;s for banks to implement. After they have done their technical due diligence. Beyond that I am more than doubtful.