Banking is necessary, Banks are not.

The quote “Banking is necessary, Banks are not” provides a good entre when it comes to shaping the future of banks and is therefore an integral part of PowerPoint slides given to senior management in banks and savings banks. It can be found in various articles and magazines and is often mentioned in connection with disruption in the financial sector. The words come from Bill Gates and were already announced by the same in 1994. I was in the fourth grade at the time and was simply amazed at the simplicity of the banking system. When you needed money, you