[acjohnson55]

I have to imagine that you get used a bunch in the backends of FinTech products, but any chance better IT starts to reach consumers? My inability to know exactly what's going on with my money on my own terms is endless frustrating. The aggregators help, but are still quite limited.

[TeMPOraL]

I don't think the new breed of fintech startups is going to help here much. The reason you can't see what's going on with your money on your own terms is because banks want you to use their software in order to upsell you financial products. The articles point out that the new fintech companies are also interested in exploiting the stickiness and eyball-attracting aspects of banking, if not for direct upselling then for something else.

[jimbru]

I think there's progress happening, banks just tend to move slowly. Competition from fintechs may end up providing the banks some incentive to upgrade. The other problem is, as a consumer, you're probably last in line for new stuff. Businesses can demand new software or better economic terms and back that up with their (large) deposits loan book. Consumer deposit accounts, on the other hand, are often money-losers for banks; they only offer it as a cross-sell into mortgages or some other lending.