{"id":18621,"date":"2015-10-21T11:37:23","date_gmt":"2015-10-21T18:37:23","guid":{"rendered":"http:\/\/lifeboat.com\/blog\/?p=18621"},"modified":"2015-10-23T09:10:56","modified_gmt":"2015-10-23T16:10:56","slug":"will-fintech-upstarts-do-to-banks-what-uber-has-done-to-taxis-or-will-banks-win","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2015\/10\/will-fintech-upstarts-do-to-banks-what-uber-has-done-to-taxis-or-will-banks-win","title":{"rendered":"Will Fintech Upstarts Do To Banks What Uber Has Done To Taxis \u2014 Or Will Banks Win?"},"content":{"rendered":"<p>Quoted: \u201c<span class=\"s1\">Masters went on to say that, because financial services involve Americans\u2019 livelihoods (and not just, say, their taxi ride to Brooklyn), regulations ruling the space are many multitudes more complex than they are in other industries \u2014 and the 100-plus year-old banks have a leg up in dealing with these rules. <\/span><\/p>\n<div id=\"article-0-inread\" class=\"inread ng-isolate-scope inread-active\"><\/div>\n<p><span class=\"s1\">\u201cAnyone who imagines that as a result of the advent of new technology we will see a world where incumbent financial institutions who provide vital, heavily-regulated intermediated services, custodial services, safe-keeping services will be decimated and completely removed from the picture overnight is just naive and wrong,\u201d she said, pointing out that customers of legacy banks can pay bills and deposit checks through their iPhones \u2014 so it\u2019s not as if there\u2019s been no innovation in traditional financial services.\u201d<\/span><\/p>\n<p> <\/p>\n<p>Read the article here &gt; <a href=\"http:\/\/www.forbes.com\/sites\/maggiemcgrath\/2015\/10\/20\/will-fintech-upstarts-do-to-banks-what-uber-has-done-to-taxis-or-will-the-banks-ultimately-win\/\">http:\/\/www.forbes.com\/sites\/maggiemcgrath\/2015\/10\/20\/will-fi\u2026ately-win\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quoted: \u201cMasters went on to say that, because financial services involve Americans\u2019 livelihoods (and not just, say, their taxi ride to Brooklyn), regulations ruling the space are many multitudes more complex than they are in other industries \u2014 and the 100-plus year-old banks have a leg up in dealing with these rules. \u201cAnyone who imagines [\u2026]<\/p>\n","protected":false},"author":342,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-18621","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/18621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/342"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=18621"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/18621\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=18621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=18621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=18621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}