Banks have spent the last several years investing in technology to both serve their customers and simplify regulatory compliance, but with the Trump administration looking to ease the operating environment, financial institutions will have to hope their systems are nimble so those investments don't go to waste.
Wall Street's 'Trump bump' is still based more on the hope of looser regulations and tax cuts than accomplishments on either of those goals. Continuing the surge in finance stocks will, at some point, require that to change.
Fintech, regtech and innovation, generally, have the potential to radically transform the U.S. and global financial systems.