Apparently, Moore's Law does not apply to online banking.

Moore's Law is an observation that the capabilities of computer hardware roughly double every two years. From the pixel density on your laptop screen to the processor speed in your smartphone, examples of Moore's Law are everywhere in today's digital world. Everywhere, that is, except for most online banking platforms.

It doesn't matter if the bank is a mega bank like Bank of America (NYSE: BAC), a regional player like BB&T (NYSE: BBT), or a third-party software provider like Jack Henry and Associates (NASDAQ: JKHY), the capabilities and usability of online banking services are noticeably stuck in the mud. 

In the video below, Motley Fool contributor Jay Jenkins discusses the disappointing state of online banking functionality and how one non-traditional bank in particular is finding opportunity in other's weakness (hint: Capital One Financial (NYSE: COF)).

Luckily for the banks, the Internet is rapidly evolving. The browser based world of online banking is being replaced by the mobile world of apps and smartphones. Truth be told, one company sits at the crossroads of smartphone technology as we know it, regardless of the industry. It's not your typical household name either. In fact, you've probably never even heard of it! But it stands to reap massive profits NO MATTER WHO ultimately wins the smartphone war. To find out what it is, click here to access the "One Stock You Must Buy Before the iPhone-Android War Escalates Any Further..."

Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.