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Monday, Dec 06, 2021
Outlook.com
Opinion

The Banking War Ahead

Anywhere, anytime, anyhow banking will be a reality when virtual kiosks replace brick'n mortar branches.

The Banking War Ahead
The Banking War Ahead
outlookindia.com
-0001-11-30T00:00:00+05:53

BRITAIN and France were perpetually at war, in the latter part of the 17th century, the under pinnings of which can actually be traced back to the most significant revolution ever in the history of banking— that is, until Net banking came along! The War of 1689-97 was significant, for it went on to determine the fate of banking, as it were. King William set up the Bank of England as an alternative means of funding the war by borrowing from the public, rather than from London’s greedy goldsmiths. There by, he not only won the war, literally speaking— and otherwise— on England’s credit, but also went on to engineer the biggest ever commercial banking revolution in the history of the world, rather accidentally!

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