We live in a world of disruptive thinking, where the old norms are being replaced by new ideas that are rewriting the rule books.
Anyone who has used a Uber taxi or booked a stay through AirBnB will have participated in using disruptive technologies.
Both of these services have had a major impact on the respective industries they are part of.
Similarly crowdfunding models are on the rise due to banks intransigence when considering certain loans.
Now a well established practice, it'll only be a matter of time before the concept is rolled out to fulfil other loan arrangements such as household and car loans or even mortgages because it's a fairer and more equitable way of helping people manage money better.
Obviously banks will take a dim view of these schemes as it robs from them their monopoly and their power over people.
Banks are also taking a dim view on another disruptive technology because it's eating away at their monopoly - cryptocurrencies.
While they are becoming increasingly vocal suggesting, amongst other things, it's a fraud, behind the scenes they have been reportedly buying huge positions.
Instead of embracing new innovation, the tendency is for established entities to shun it in the hope it'll simply go away.
Sadly for them, once the genie is out of the bottle there's no way to put it back.