Over the past year, I have come across several cases where the forces of financial democratisation are redefining the outer edges of the financial service industry. Enabled by disruptive technologies and post-crisis mindsets, they also have the potential to improve the broader intermediation process that brings together sources and uses of productive capital. It is part of a broader phenomenon that has dominated the technology sector and is playing out in media and elsewhere. It is one that requires adjustments on the part of traditional institutions and the authorities that regulate them.
過去一年中，我遇到過幾次這樣的情形：金融民主化的力量正在重新界定金融服務業的外部邊緣。在顛覆性技術和后危機思維模式的幫助下，這一力量也有潛力改善更廣泛的金融中介流程，將可產生效益的資本的提供者和使用者集合到一起。這是一種更廣泛現象的一部分，這一現象已經主導了科技領域，而且正在媒體及其他領域展開。這一現象需要傳統機構以及監管當局做出調整。