The Banking Revolution Is Coming

Today, almost all retail banks have their own applications for smart phones. However, I believe that digital banking will continue beyond that. We can already see similar trends in other industries. These opportunities can help support branch productivity, customer analytics and much more.

Soon enough, you will not have debit and credit cards in your wallet. We already tap to pay with NFC chips in Android phones – for the past two years. By the end of this year, Android bank apps should let us tap and pay too. The early adopters are already putting it to use in Australia and New Zealand. Of course, Apple is on it too. Apple Pay consists of tapping your phone…