Technology has transformed the financial industry from "summary" of The Economics of Money, Banking and Financial Markets, eBook, Global Edition by Frederic S. Mishkin
Over the past few decades, technological advancements have revolutionized the financial industry in ways that were previously unimaginable. With the rise of computers, the internet, and other digital technologies, financial firms have been able to streamline their operations, reduce costs, and reach a wider customer base. One of the most significant impacts of technology on the financial industry has been the development of online banking and electronic payment systems. Customers can now access their accounts, transfer funds, pay bills, and even apply for loans from the comfort of their own homes. This convenience has not only made banking more accessible to a larger number of people but has also increased efficiency and reduced the need for physical branches. Furthermore, technology has also played a key role in the g...
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