Published by:
Harvard Business Publishing
Length: 9 pages
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Abstract
Will banks as we know them continue to exist in the twenty-first century? Today other financial institutions are usurping the roles traditionally played by banks--and banks themselves are reconsidering the services they offer. Some have narrowed their focus, while others are broadening their product offerings. The authors show how a functional perspective developed by the Global Financial System Project at the Harvard Business School provides a framework for explaining the changes under way and helps predict how the future will evolve.
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Abstract
Will banks as we know them continue to exist in the twenty-first century? Today other financial institutions are usurping the roles traditionally played by banks--and banks themselves are reconsidering the services they offer. Some have narrowed their focus, while others are broadening their product offerings. The authors show how a functional perspective developed by the Global Financial System Project at the Harvard Business School provides a framework for explaining the changes under way and helps predict how the future will evolve.