Via Forbes, a provocative statement about the true nature of banks:
But there is a very real sense in which a consumer bank should not really be regarded as a financial institution at all. It’s a computing system which happens to do finance. Which means that the computing guys should probably have a great deal more influence over the management of the bank. That outsourcing the computing is probably a very bad idea for a bank. And finally, that the computing systems need to be seen as the core activity, not he finance. From http://www.forbes.com/sites/timworstall/2012/10/13/banks-need-to-accept-that-theyre-really-it-companies/
