In the not too distant future, there may come a time, where we cease to interact with the banks as we know it. Banks which were monolithic organization who created the products, sold it directly and owned the customers are being slowly ceding ground to so called new breed fintech companies chipping away at the edges. While regulations and strict KYC/AML regulations still enable banks to continue to be in business, the power they once wielded is diminishing. As Niti Aayog Chairman, Amitabh Kant said “Debit cards, credit cards and ATMs might lose relevance in the next four years”.