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My understanding is there are so many financial regulations that it is very hard for tech companies to own, I work in financial services and I can tell you the amount of red tape and paperwork is significant both inside and need to file with regulators. The CEO had mentioned once that there were regulations that prevented companies like amazon and google jumping into financial things.

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Well, I guess that was kind of my question. I see the situation is something like:

- Big Tech companies can't get into traditional banking business because of the regulation - Banks are loosing part of their business as they can't compete with other companies in terms of technology

I see the future of banking something like traditional banks being the back office of some other more tech leveraged companies delivering services.

Also, with these huge amounts of cash available from this giant corporations it seems possible they could find some other way to be part of the game and accomplish with regulations, as long as they assume the risk.

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