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The history of banking technology vs the history of banking experience

March 1, 2024

Back in 1957, 1TB of storage capacity would have cost $9.2 billion, while 1TB of memory would have cost $411 trillion. Today, the same storage and memory capacity costs just $14 and $2,100, respectively.

Banking has evolved in lockstep. We have gone from lofty hollowed branches to banking on mobiles in 70 years. Managing day-to-day banking has moved from cheques and queuing in branches to face ID on mobiles in a historical blink of an eye.

However, narrative focus and money have always revolved around the technology story.

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