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.
过去一年中，我遇到过几次这样的情形：金融民主化的力量正在重新界定金融服务业的外部边缘。在颠覆性技术和后危机思维模式的帮助下，这一力量也有潜力改善更广泛的金融中介流程，将可产生效益的资本的提供者和使用者集合到一起。这是一种更广泛现象的一部分，这一现象已经主导了科技领域，而且正在媒体及其他领域展开。这一现象需要传统机构以及监管当局做出调整。