It's an interesting phenomenon. Just like how Uber disrupted the traditional taxi cartel of big cities, and also spread taxi services in the smallest towns of the US, other firms are trying to do the same in traditionally regulated industries. Some of these industries are ripe for disruption, and startups are doing so, according to this WSJ article. http://www.wsj.com/articles/the-uberization-of-finance-1446835102
Lending and stock brokerage are seeing a rise in a phenomenon called "Uberizarion" - where peer-to-peer contacts rule. Such disruption will benefit consumers by reducing search cost and can provide borrowers who are usually shunned by banks an avenue to obtain funds. The stronghold of a few financial institutions on these services may be broken soon. Already, we are seeing a decrease in the number of bank branches. Maybe they might be a relic of the past soon?
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