09-19-2006, 08:51 AM
Quote:EBay, or an equivalent trust system, could replace banks within 20 years, according to a Gartner analyst.
Stephen Prentice, vice president and distinguished analyst at Gartner, told vnunet.com that the existing financial services industry was unlikely to exist in 20 years' time.
"Ten or 15 years ago, people trusted banks. Nowadays banks in the UK realise that most of their customers don't actually trust them. They don't even like them. They only use them because they know there isn't really an alternative," he said...
Open markets like eBay, where individuals build up their own trust levels, would replace the existing system, according to the analyst...
full article: http://www.vnunet.com/vnunet/news/216451...nks-future
