译文（字数 3415）：

[摘要] 本文探讨了未来的金融中介机构和银行作为特殊的金融中介机构在互联网时代可能会出现的问题。降低由互联网造成的交易成本，将减少进入金融产品市场的门槛，因此有可能不再需要运行一个庞大的成本密集的分支系统。但作为金融中介的功能是要仔细的检查显示，并非人人都能销售和分销金融产品。它也是真实的，因为在金融业务的非对称信息问题，需要一个良好的声誉，以此需要保持大量资金，以改变资产风险的中介。这两项规定都是进入金融中介市场的一个重要障碍。并不是每一个金融产品都会受到更多的竞争并有一个低风险，但由于互联网的崛起，只有产品的标准化。并且，有着大量的资本和良好的声誉的大公司被视为银行的新的竞争对手。

关键词：银行，网上银行，金融中介机构，互联网

外文原文（字符数 35732）：

Banking is essential, banks are not. The future of financial intermediation in the age of the Internet 

This paper examines the question how the future of financial intermediaries and banks as special financial intermediaries may look like in the age of the Internet. The reduction of transaction costs caused by the Internet will reduce the barriers to enter the market for financial products, because there may be no longer a need to run a large system of cost-intensive branches. But as closer examination of the functions of financial intermediaries shows, not everybody can sell and distribute financial products. 

This is true because of asymmetric information problems in financial business which require an intermediary with a good reputation and because of the need to keep large funds of capital to transform the risk of assets. Both requirements represent an important barrier to enter the market for financial intermediation.Not every financial product will be exposed to more competition due to the rise of the Internet but only products which are standardized and have a low risk. Moreover, large firms with high amounts of capital and a good reputation can be considered as new competitors for banks. 

Keywords: banks, banking, financial intermediaries, Internet