According to "Decoding: Banks $-$ Episode $8,"$ how has the competitive landscape in financial services changed due to technological advancements?

Question $31$ options:

$1)$

Competition has decreased

$2)$

Only traditional banks can compete effectively

$3)$

Any company can potentially offer financial services

$4)$

Competition is limited to licensed banks only

$5)$

Technological advancements have had no impact on competition