Is FinTech going to disrupt the big banks and insurances? (in progress)

Let’s first have a look at what banks actually do.

cash & ATMs
lending
investments

FinTech services that are better / cheaper than the bank’s services:

cash, ATM: replaced by Paypal money transfers and by credit card companies (also through Apple Pay, Google Wallet, etc)
investments: http://www.tagesanzeiger.ch/wirtschaft/geld/das-silicon-valley-setzt-auf-das-roboinvesting/story/14038399
lending & insurance: http://techcrunch.com/2015/08/05/insurance-is-the-next-frontier-for-fintech/

http://mobile2.tagesanzeiger.ch/articles/55c4f66687da8b5a66000001