Tuesday, September 1, 2009

Banking will Never be the Same

Technology is changing many things we do and how we do it. Banking is no different. The TimesOnline did a really interesting story of how you might be banking in the year 2020, not that far away, really.

From The Times August 29, 2009

What high street banking will look like in 2020

Banking technology is developing so swiftly that soon you’ll be able to buy things without your PIN or plastic

Imagine a world where, when you walk into your bank, messages and adverts pop up that address you by name. A world where debit and credit cards are extinct and business is done by a swipe of your mobile phone. A world where you make payments using an iris scan and do not have to remember those pesky PINs.

It might sound like the premise of the futuristic 2002 film Minority Report, based on the novel by the science-fiction master Philip K. Dick. But the technology to make all this possible is already being developed. What sounds far-fetched now could be the norm in just a few years.

For the rest of the story click here.