How vulnerable is the finance sector to disruption from FinTech?

On the vulnerablility side - not so touched on during the broadcast but my two cents;

Tech (in a general sense) has always been disruptive. The telegraph revolutionized sending messages and then it was supplemented by the two-way telephone and in turn supplemented by the many-way internet.

Finance is being impacted along the way when telegraph came, price signals are transmitted much faster. the telephone immensely facilitated long distance business and now the internet is putting margins further under pressure.

Finance is somewhat sheltered due to regulatory barriers (anti money laundering laws were set up in an age before money can be transferred with clicks on a keyboard) and so pace of change is not as fast as say pressure to travel agents / newspapers - but finance in the long run is just as vulnerable.