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Startups Venturing Into Highly Regulated Industries Can Learn From Fintech's Playbook

The world’s 10 largest banks control nearly $25 trillion in assets — almost as much as the annual GDP of the U.S. and China combined. But their size doesn’t mean they are invincible. Politicians have called for breaking up Wall Street banks. Business credit istightening. The financial industry seems ripe for disruption.

For the past few years, tech upstarts from Silicon Valley and New York have been doing their best to do just that. Online lenders such as OnDeck Capital, LendingClub and Prosper have been stealing momentum from the big banks by promising to make borrowing easier for small businesses and individuals. OnDeck and LendingClub even went public.

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