Financial Institutions of the future: Digital, virtual and omnipresent

This article is a futuristic take on the Banking industry, which is no longer  considered to be traditional. Today this industry has witnessed the convergence of digital, data and social which is going to get us going to the next level of banking. Digital is providing an interesting trend of bringing “virtual personalization”  alive. This article by Usha Srikanth, Director Banking and Financial Markets Industry for GIC, Global Business Services, IBM India, illustrates the pathway on which banking is about to embark on as the future holds very interesting possibilities.
I settle down in the metro train for my commute to office which would take a 30 minutes. I wear my “banking glass”, blink a couple of times and lo behold get a view of my account position; an alert tells me I need to pay my bills today which I act on promptly; my Financial Advisor is on a chat, I turn up my audio on my glass and discuss options with my advisor and finalize the stock to buy; some investment options…  I get down from the metro train and walk across to my office and on the way tap my watch and confirm that the instructions given to my Financial Advisor have already been executed – This is “Banking on the Move” – a reality we expect we will be getting to very soon given the pace of innovation happening in the digital revolution through Wearable

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