Fast Technological Advances in Information Technology Literally Make Every Financial-Service

True/False

Fast technological advances in information technology literally make every financial-service customer into a mobile "branch office."
There will be less and less need to ever visit the brick-and-mortar office facilities of a financial institution. Fewer employees will be needed in the financial institutions sector and, eventually hundreds, if not thousands, of full-service branch offices may be closed. The financial-services business clearly is in transition from a labor-intensive industry to a capital-intensive one that relies more and more upon automation and electronic processing.