“Way back in 1970s, author Alvin Toffler decided to imagine the future like none had done before. The future he described then was way ahead of his times. In one of his book, Future Shock, he described the world that had immensely changed in the post-industrial society, where many goods had become disposable and companies form and wither away. One of the defining trend was the impact on banking sector, since hard-money was replaced by digital one, economies would grow manifold and transactions worth millions took no more than a few seconds. The digital would replace the brick-and-mortar, Toffler had predicted. The future, as defined then is true today, as digitization is increasing the making the physical infrastructure almost redundant. After all in a world where, much of the transactions from depositing to withdrawal, to opening FDs to ordering chequebook, can all be accomplished online, why take the trouble of going to a bank branch.”
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