The money network:

The money network:

Why crowdfunding threatens traditional bank lending

EuromoneyFXNews.com

EuromoneyFXNews.com

Sign up to receive free alerts from our foreign exchange news service

June 1996

Opening windows with the internet


The internet's free technology raises questions about all the old ways of doing things. It makes communication easier than ever - both inside and outside a company - and it revolutionizes information storage and access. But who will be first against the wall when the changes begin to bite? Felix Salmon investigates how far the net will shake up banking


Joe Banker is feeling old - and he's only 24. He's just had a brand-new Sun workstation installed next to his Windows 95 pc and is unsure about what it all means. It's got one of those clever optical mouse things attached to it. It boasts three buttons. Bill from it was ever so enthusiastic about it in the pub last night. "Functionality," he explained, "is all about what your machine is capable of doing. The analysts now create beautiful reports in Word 7, embedding Excel 6 charts. The rocket scientists can run extremely powerful options-pricing algorithms in half the time it would have taken them last week. And if you press shift-control-a and the middle mouse button, an instruction is sent to the coffee machine to have a fresh cup ready for you in four minutes' time!"

Joe's stomach begins to tighten whenever anybody comes along to install a new...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today