Fox Small Business Center published an article by Rohit Arora, CEO of Biz2Credit, about how consumers will conduct their banking in 10 years. Arora says we're on the edge of a revolution, the likes of which have not been seen before. Institutions that embrace technology will be the ones that thrive and survive in the future. Those that are doing things the old-fashioned way, had better examine what Amazon and other Internet sites have done to retail. "Cyber Monday" has become as important as "Black Friday" in the holiday shopping season. Each year, a larger percentage of people do their shopping via the Internet, and it is a trend that will continue. Likewise, Americans are increasingly turning to electronic banking solutions.
Read the article in entirety.
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