Thursday, 30 April 2015

Is IBM About to Make Banks Obsolete?

From The Motley Fool -

“IBM could be on the verge of upending thousands of years of financial convention. We are talking about a game changer that could disrupt banking, payment processors, and even central banks.

It could make dinosaurs out of the systems for money wires, clearinghouses, and financial markets as we know them today. It could make the financial system faster, more efficient, and more secure. It could fundamentally change the way the world transacts commerce.

That's a ridiculous opportunity, even for IBM - a company with a $169 billion market cap and nearly $93 billion in annual revenue. Let's break it down.”

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