[bosco]

"a critical piece will be solving the first mile problem by making sure that we lower the cost and the effort required of all of us when it comes to transitioning into new payments and monetary systems."

This. Right now the costs to start a fintech company that actually does something disruptive is tremendously high and the regulatory hurdles don't stop. Luckily there are a few startups paving the way but it's still not enough.

[tomasien]

I know I'm biased but I really and truly believe we're helping solve this. We remove the need to build out ACH processing with a bank, do the regulatory work for you, and roll in a pretty cool account ownership verification piece out of the box. No ODFI needed, no Yodlee needed, plus if you want we'll guarantee the funds so you don't even need to take float risk or monitor returns. We do it pretty damn cheap.

I'm writing this not so much to make a pitch (of course that's part of it) but to point out what I hope other fintech companies do: package UX and compliance together and sell it for a reasonable cost. It will help the whole industry explode into the potential investors are clearly seeing in it.