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Banking 2025

Banking 2025

Source: University of Applied Sciences, Bielefeld

Developments in information technology are fundamentally changing the banking industry, with an exponential shift in consumer uptake of new business models set to take hold.

In view of the inefficiency of the existing banking system as well as the economic superiority of web-based alternatives, it seems that it is only a matter of time before a system change takes place in the banking business, argues Rainer Lenz of the University of Applied Sciences, Bielefield.

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