Financial innovation is actually happening

If you say the words “financial innovation” many people incorrectly believe it is largely negative (or at least risk-taking) or not happening. This is incorrect. The world is actually getting better, within our own lifetimes. Much of the improvement has been to under-the-hood infrastructure not paid much attention to by the general public, but since the financial system touches almost every part of our lives, it is worth knowing what has happened and on which axes we can expect further improvement.