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The Internet Impact

By: Hawke, John D., Jr. | Independent Banker, March 2001 | Article details

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The Internet Impact


Hawke, John D., Jr., Independent Banker


Anticipating the future's risks and rewards of community banks going online

It's never easy to get a clear picture of a moving object, especially when the object is moving as rapidly as banking technology is today. One thing, however, is clear. Technology, which has already transformed the financial services marketplace, will transform it even further in the future. And no technological development in our time holds greater power to transform than the Internet.

Few observers of the banking scene will dispute that point. But as bankers and regulators, we have a responsibility to look beyond the hype to the hard questions. Where exactly has the Internet taken us so far? …

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