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Bank customers are making fewer regular visits to their local branches, which aren't getting cheaper for banks to maintain — but bankers are sharply divided on how to fix their branch problems.
March 12 -
MovenBank plans to be a mobile bank for the smartphone age. But perhaps more intriguing, it will use social media data to inform its credit decisions and to determine pricing.
January 26
Rapid change is the new normal when it comes to technology — and banking.
Clunky old computers, even previously "sleek" laptops, are anachronisms now, as computer tablets soar in popularity.
In fact, the next generation of consumers may forgo outdated tools like a computer mouse altogether — a move that could have critical implications for bankers, Brett King, the founder of the yet-to-be-launched mobile bank Movenbank Corp. Ltd., said this week. He gave a
To illustrate, King showed a
"She soon tires of this because it's just not responding to touch. 'Give me back the iPad.'… She loves it," King said, narrating the video.
"This girl will probably grow up and never use a mouse or a keyboard. She'll expect screens," he added, saying such behavioral shifts could transform the way banking is done.
Thus there will be a move towards "websites that are context sensitive, that work on tablets and mobile devices," he said. "So banking goes from a place to being a utility available everywhere."
