Citigroup CEO Fraser Says Mobile Money Is 'Game Changer' for Bank Runs

The video discusses the evolution of banking from physical queues to digital transactions via smartphones, highlighting the speed and convenience of modern methods. It also touches on the rapid impact of social media in accelerating events and praises the swift response of regulators in managing these changes.

What does the phrase 'complete game changer' refer to in the context of banking?

How quickly did the events unfold compared to historical precedents?