STAMFORD, Conn. — Half of the nearly 10,000 financial institutions in the United States today will no longer be in business by 2007, predicts a report published Monday by GartnerG2, a new research unit of the consulting firm Gartner Inc.

This “massive industry consolidation” will be “driven by technology advances, international competition, mergers and acquisitions, and — especially — new business processes resulting from customer demands,” according to the report.

By 2007 the only people who will be needed at successful financial services institutions will be those who interact with customers or are involved in “strategic processes,” according to GartnerG2. “Beyond the customer interface, operational process will be completely electronic.”

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