I recently read an article that talked about financial start-ups and how they fit into a world that is already dominated by the banking industry. There are an increasing number of start-ups who are aiming to take business away from banks by offering better services, or services that don't cost as much money as they do at big banks. To some degree, it is actually working. Many people who are savvy enough to shop around for different services are choosing these companies over big banks.

For now, this is just a thorn in the side of most banks, and not a real threat yet. But if banks don't start to become more competitive with their products and services, they could be facing a real threat very soon.