I should start by saying that I agree with your response to the above statement, but would add that while Simple/similar services may not have crushed the banki

I should start by saying that I agree with your response to the above statement, but would add that while Simple/similar services may not have crushed the banking institutions, they definitely did bring forward a lot of technologies over the past few years that have now become absolutely expected from a bank, which was not the case before services like them came around. Now this could just as much be contributed to natural development of the banks that happened alongside these new banks, but it could be a similar case that where these newer stock solutions may not crush the existing players, they may force the hand of a lot of technological innovation that we may not see otherwise.