Grasshopper Chief Executive Judith Erwin said she believes that the barriers for new entrants to the banking business are falling, as cloud computing and improvements in banking software enable upstarts to provide an expanded slate of services and compete with even the biggest lenders.

https://www.wsj.com/articles/new-startup-focused-bank-gets-more-than-100-million-from-investors-11559216484?mod=searchresults&page=1&pos=9