Personally, I believe we will see a mix of these scenarios as the banking sector evolves. On the one hand, customer needs will be key to developments – consider, for example, the smartphone generation, many of whom have never set foot in a bank branch. In the second stage, how financial service providers respond to these needs will be crucial.
Following advances in computer technology since the 1960s, financial markets started to move away from recording  Page 1 of 6  securities ownership in a physical ledger to recording ownership on centralised digital ledgers.