Monday, November 17, 2008
Banking in the internet age
People aged over 40 are often amazed by what is happening online. Sometimes they find it difficult to consider things the way those born in the 1970s do. The world is changing fast. For example, many business people - the younger ones - are avoiding banks altogether as a source of funding. Instead they are going to cooperative ventures such as Zopa, where you borrow money from other people, rather than banks.Bank accounts as we know them will become obsolete for millions of people within a matter of a few years (for many they already are obsolete).