"Fintech’s potential to reach out to over a billion unbanked people around the world,"
Because they don't want to?
Because they haven't got a pot to p**s in?
In the UK the banking industry has persistently cut branches (in places they don't make enough profit) while telling the relevant HoC that relaxing rules on credit unions (that have tighter joining rules than banks) are a Bad Thing.
The best thing that could happen is to treat banks like any other business. They f**k up, they go bankrupt. I'm sick and tired of their "But we're speeeeeeeecial" schtick.