DZone

The financial services industry is undergoing an important development stage. This is not about the creation of some brand new products. Banks are still offering the same things as 20 years ago: account services, debit and credit cards, loans, etc. Compared to the changes taking place in other sectors of the economy, the current situation may seem stagnant. In fact, this is not the case — instead, changes in the banking sector are occurring in other directions.

A New Era Without Product Innovation

While banks are focusing on classical money management, major changes are taking place in other areas of the economy. For example, the desire to attract more participants to stock trading has led to the emergence of private online investments. The financial market, which used to be closed, has become available to almost everyone.

Source: DZone