Even some of the greatest technology-led revolutions, or allegedly technology-led, really were only made possible because of trends already present.

The changing nature of money is only one facet of the financial services revolution.

Technology is similarly just a catalyst at times for fundamental forces already present.

The current institutionally provided retirement plans will not cover people's needs upon retirement.

Even the once simple home mortgage now has so many flavors and styles and variations that it is difficult for people to make a decision.

Fifty years ago wealth was stored and transmitted physically through gold bars, stock certificates, bank notes, and coins.

So I think instead of focusing on the competition, focus on the customer.