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New Technology And Social Change: What Is The Internet Doing To The Financial Sector This paper will provide a critical discussion on the development of the Internet and place a special focus on the way it has impacted on the financial sector. Probably the most affected sector has been the brokerage industry, where the Internet has virtually obliterated the barriers to entry for smaller start up firms. No longer are the world's brick-and-mortar giants like Citicorp, Merrill Lynch, and in Canada, the big 6 six banks, in firm control of the market. 12 pgs. 8 f/c. 8b.
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