Online banking did not exist in the U.S. in the summer of 1994 (most U.S. customers had not even heard of Internet banking yet) and yet just 6 years later 80 per cent of U.S. banks started to provide Internet banking services. To put that into context, there were 8,339 U.S. banks in 2000 and only 6,671 of those banks offered Internet banking – a technology introduced only six years before.
Whenever a new technology hits the market businesses scramble to find potential uses for it and how to improve their bottom line by introducing the technology; and while that technology may seem fresh at first before you realize that all of your competitors have already found use cases and implemented the technology – internet banking is one example and Google RCS is another.
infographic by: masterofcode.com
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