The internet begun to profoundly affect how financial services are delivered. On the one hand, the Internet affords convenience, price transparency, broader access to information, and lower cost; on the other hand, financial services are data-intensive and generally require no physical delivery. Combining the two should give the perfect environment for new entrants to build substantial businesses, go up the value chain, and compete on price.
|Title of host publication||Tracking a Transformation|
|Subtitle of host publication||E-commerce and the Terms of Competition in Industries|
|Editors||Stephen Cohen, John Zysman, Peter Cowhey|
|Publisher||Brookings Institution Press|
|Number of pages||28|
|Publication status||Published - Nov 2001|