Over the last few years, technology has disrupted an enormous number of sectors including the entertainment, retail, hotel, transportation, agricultural and mining businesses among others. Finance is an industry that is suffering the same type of disruption. Though the finance sector is much more important in today’s world than ever, research has shown that there have been no efficiency gains in banking since the 1880s. In particular, since the Global Financial Crisis, it has been especially apparent that banking is inefficient, costly, riddled with conflicts of interest, prone to unethical behavior and, most worrisome of all, able to generate huge crises. At its core, finance is an information business with three basic functions: it matches savers to borrowers, it provides a payment system, and it provides insurance. These functions have traditionally been difficult to replicate by outsiders and customers have had few alternatives to regulated financial intermediaries.