For decades, financial technology firms sold their products to big banks. Today, a new generation of venture-backed fintech entrepreneurs have the consumer in their sights and are threatening to disrupt the very financial services firms they once considered clients. From equity crowd-funders like Venovate – giving the mass affluent access to alternative investments – to social platforms like Loyal3 – offering slices of tasty IPOs to the financially uninitiated – technological advances are creating financial offerings which were unimaginable even five years ago and which many traditional FIs have been slow to anticipate and even slower to adopt.

http://www.forbes.com/sites/dansimon/2014/05/01/tech-entrepreneurs-are-here-to-run-your-bank/?utm_source=feedblitz&utm_medium=FeedBlitzEmail&utm_content=646536&utm_campaign=0