Time for digital financial innovation

THE advent of the Internet has often been compared to invention of the printing press in the late 15th century. Like the Internet, the printing of books made information ubiquitous and readily accessible, empowering people with knowledge they used to change and expand their world.

What is often forgotten in this analogy is that the revolution triggered by the printing press was ongoing; it wasn't over and done with inside a few years or even decades. It had a transformational impact on human history which lasted centuries.

So it is with the Internet. The message is that the revolution is not over yet. Many industries are still dealing with its far-reaching implications, and will never be the same again.