Banks are struggling to remain relevant

As online transactions increase by the day, traditional financial institutions are faced with many and diverse challenges

Not long after the Church, another great edifice of Irish life took a fall – the banks. It will be a long time before we forget September 30, 2008, the night of the bank guarantee. It will also be a long time before we forget the €64 billion bailout, or the antics played out in the infamous Anglo Tapes.

But we remember, too, the bogus non-resident accounts controversies of the 1990s, the misselling ...