We are currently witnessing an internet-based transformation of many major institutions, which would have seemed like science fiction not so long ago (and still might to many currently living). The future of banking is one such area- a transformation from retail bank buildings to a global computer system that makes decisions about how to move money by the use of algorithms rather than humans. A bank that requires almost no people or real estate to function. No more than a headquarters, with some managers and some developers, who may be working remotely, will be sufficient. Although purely remote employees and a purely virtual service is entirely plausible.

The customer of this algorithm bank will rely exclusively on the web interface of the bank for all interactions. For most users of banking services this is pretty much already the case anyway. Even today the beginnings of the future are starting to appear before us.

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