At SxSW this year, there was a session on "Banking 2.0", and they (Mint, LendingClub, etc.) all agreed that their philosophy is to treat banks as dumb instituti

At SxSW this year, there was a session on "Banking 2.0", and they (Mint, LendingClub, etc.) all agreed that their philosophy is to treat banks as dumb institutions - mainly to avoid regulatory pit-falls, etc. WePay is following the same path, however the risk management side isn't seeing much startup activity at all. This means consumers win in experience, but systemic risk is largely the same.