Technology is driving rapid change in financial services, with the latest developments seen as a revolution rather than evolution. The finance sector is ripe for disruption, and start-ups are employing innovative technology – such as cloud computing, mobile communications, digital currency and blockchain – to enter the market. So far, banks have been using some of these technologies to help automate and augment their services, but will they soon be fighting for market share? Andy Critchlow, the Middle East editor for Breakingviews, speaks to Peter Smith, Managing Director, Head of Policy and Strategy at Dubai Financial Services Authority.