The assertion big banks aren't trying to innovate payments because we are in a "risk averse" period after the housing crisis is a stretch. I'm not sure if that'

The assertion big banks aren't trying to innovate payments because we are in a "risk averse" period after the housing crisis is a stretch. I'm not sure if that's something the author concluded or an argument banks are actually using. Mortgage loan risks were motivated mostly by greed. Improving money transfer systems would carry the risk of fraud, with a very long-term payout of improving customer experience. Bank CEOs nowadays want there quick buck and then parachute into retirement. There's no incentive for long-term thinking. And if you're dissatisfied where are you going to go? Another mega-bank with the same incentives... Seeing as how banks just used their lobbying power to cripple Dodd-Frank, the argument "regulations get in the way of innovation" also hard to believe. When regulations got in the way of highly lucrative derivatives sales, it seems the banks were able to overcome. I really hope these small guys can make a major impact.