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Will Technology Ultimately Crush Banks?

By David Hanson and Matt Koppenheffer - Apr 18, 2013 at 9:02PM

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As technology improves, will banks feel the pain?

Technological innovation has transformed the way consumers pay, businesses accept payments, and how institutions serve clients. However, we are still surely in the early innings of technology's impact on the banking sector. As platforms such as PayPal, a division of eBay (EBAY -4.22%), change the way consumers think about their financial lives, are traditional banks increasingly in trouble?

In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss the impact of technology on the future of the banking sector and one bank that can withstand the onslaught. 

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Stocks Mentioned

Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$34.88 (-3.08%) $-1.11
eBay Inc. Stock Quote
eBay Inc.
EBAY
$44.94 (-4.22%) $-1.98
American Express Company Stock Quote
American Express Company
AXP
$156.10 (-3.55%) $-5.75
Citigroup Inc. Stock Quote
Citigroup Inc.
C
$49.32 (-3.39%) $-1.73
JPMorgan Chase & Co. Stock Quote
JPMorgan Chase & Co.
JPM
$120.09 (-1.71%) $-2.09

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