The origin of Banking and Private Banking

Jul 14, 2020

The history of banking began with the first prototype banks which were the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BC in Assyria, India, and Sumeria. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits and performing the change of money.
(From Wikipedia, the free encyclopedia)

Modern banking started as Private Banks. The first banks in Venice were focused on managing personal finance for wealthy families.

Traditionally, private banks were linked to families for several generations.  They often advised and performed all financial and banking services for these families.


The Transformation of the Banking Ecosystem. Fintech is undoubtedly disrupting the financial services industry already, perhaps not as fast as was expected but it is happening.

Innovative ideas are supporting new business models every day. Banking, in general, will be affected and will benefit.

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