Ever since former Barclays chief executive Antony Jenkins declared an "Uber moment" for banks, the powers that be from the Square Mile to Canary Wharf have rushed to defend themselves against a herd of ambitious Unicorns.
But if recent collaborations between financial titans and spritely start-ups are anything to go by, it appears the duelling sides are nearing a truce. That's good news for London which has staked a claim as the FinTech capital of the world. But while the battle with home-grown disruptors is being won, the war with overseas upstarts is just getting started. And for once, I'm not talking about Silicon Valley.
The world's largest FinTech conference, Money2020, landed in Copenhagen last week - it's first time in Europe. I attended the event, which was designed to celebrate the continent's superstars, particularly in the payments sector. But, after 48 hours of speaking to founders, investors, and top CEOs (two of which were jumping on the next flight to Shanghai), I noticed a disproportionate amount of noise around activity taking place in China.