[kpil]

True.

I think that there is no way to compete against the speed and relative non-complexity you can get from "closed group, trusted 3rd party" solutions.

There is so much hype and confusion spread around the issue - as there are some genuine threats to some of the bread-and-butter services the banks do, like accounts and payments.

But to put it mildly, the bank executives are for the most time not really in the right career to sort out what's what, and due to the way the banks work, they are not likely to listen to the people that actually know how to do that until a lot of money is wasted and very little has been gained.