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> Financial services is particularly interesting as a study case as it is almost 100% information processing, hence fully "disruptable". Why is it not happening

> Financial services is particularly interesting as a study case as it is almost 100% information processing, hence fully "disruptable". Why is it not happening? I'm not sure I agree finance has not been disrupted. I can immediately think a few financial industry disruptions, some even outside incumbents. Fractional reserve banking, credit cards, asset backed securities, online payment providers, regulation, hedge funds are some things that have changed dramatically how financial business (some aspect of it) is done during the last century or two. One thing that may hide all this is is that the ones currently shouting loudest about disrupting finance seem to have a serious lack of understanding what finance actually is and how it works, and until they do, I don't think they disrupt anything.

nologic01 3y ago
You missed the most insidious innovation of all, derivative contracts and markets :-). Yes, fully agree that over a larger horizon financial services have been evolving and innovating (not always in a controlled or beneficial manner). It is also true that previous digital innovations (databases, spreadsheets and... powerpoints) have been adopted (as in bought / licensed) and were instrumental to enable all these innovations on the financial side. What the financial sector did not realize is that as the information universe coelesces and, e.g., advertisers or retailers come to invent and dominate technological platforms innovation cannot happen with rented tools. > the ones currently shouting loudest about disrupting finance seem to have a serious lack of understanding what finance actually is the disconnect between (digital) technical and domain knowledge is exactly what I think is the problem