Nonbanks now control half of the world's financial assets—a seismic shift reshaping how capital flows globally. Behind this transformation lie five major megatrends that are fundamentally redefining the financial ecosystem. From the rise of alternative investment platforms to the decentralization of financial services, these forces are accelerating the shift away from traditional banking infrastructure. Understanding these dynamics is crucial for anyone navigating today's rapidly evolving markets, especially as crypto and decentralized finance continue to challenge conventional finance models. What trends are you watching as traditional finance boundaries blur?