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A recent IBM report showed that web and app-based businesses are disrupting all retail businesses. The largest taxi company in the U.S. (Uber) doesn’t own any cabs, the largest accommodation provider (Airbnb) owns no hotels, the largest phone company (Skype) has no telco infrastructure, the largest software vendors (Apple and Google) do not write apps, the most popular media provider (Facebook) creates no content, and now, the fastest growing consumer lenders (Lending Club and Prosper) are not banks and do not have branches.

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