Great post @taskmaster4450.
In life, nothing last forever. The pride within this banking institution is on a high side, which has affected the relationship between banks and customers.
The protocols that guides this banks in selecting special customers that can withdraw any amount is unwise and partial.
This is why internet banking will definitely cause harm to banking institution.
Surprisingly, i have stopped using my bank account, due to the stress i passed through some months back. Just because they have large number of customers, gives them the privilege to punish the average ones.
Gradually, there will be a decline in number of customers using this banking institutions.
FinTech did do a number. I recall when the mortgage originations in the US topped 50% done by fintech as opposed to the banks. I read in 2020, that number had reached 70%.
That is a sector of the financial world that was taken from the banks. There will be more.