Period |
Stage |
Stage characteristics |
1950s |
Introduction and issue of plastic bank cards |
Development of retail banking services |
1960s |
The emergence of ATMs |
The ability to use/provide banking services remotely (not on the territory of the bank) |
1970s |
The emergence of electronic trading platforms, exchanges (NASDAQ) |
Implementation of Internet technologies in the stock market |
1990s |
Fintech emerges |
The emergence of projects competing with the services traditionally provided by banks |
2000s |
Digitalization of the financial system |
Mass adoption of Internet technologies and digital innovations |