The Daily Fintech and its leader writer Bernard Lunn don't do hype and do do sense. It remains intelligent and not up itself. That makes it worth listening to when it says Alibaba is going to gobble up swathes of global markets, unbundling the banks along the way. The banks are powerless, trapped by their legacy operational, IT, and mental chains and exposed for their moral emptiness.

Small fintech companies may just nibble, but Alibaba will bite the banks in the neck.