When the terrifying potential of the Internet revolution dawned on me in 1995, I wrote an op-ed piece for American Banker titled "Sell Out Before Technology Makes You Obsolete."

In it I said that "at some point, after PC-based banking has matured and had its largely foreseeable, evolutionary impact, more thought will be given to what the next transformation will look like." And I predicted that "a second metamorphic stage, with gigantic, network-type entities, will overwhelm all the rest of the traditional deposit-taking segment of banking."

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