The World's First Bluetooth Digital Piggybank for Kids

From The Financial Brand -

“Meet Clever Kash, an innovative device in the shape of an adorable toy elephant that uses Bluetooth technology, WiFi and online banking to bring the piggybank into the 21st century.

Let’s face it… Trying to teaching kids the value of money has always been a tough task. Money already seems like an abstraction to them, but in a cashless society the concept becomes even more ethereal. Gone are the days when parents tossed loose pocket change at their kids, and teenagers might just as soon prefer getting Bitcoins instead of the traditional birthday check from their grandparents.

Cash and coins are simply a lot less common these days, and this absence of tangible currency has made the future for piggybanks look pretty bleak.

That is until now.

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Evolving to survive: how technology can bring retail banks closer to their customers

From International Banker –

“Competition between banks is fiercer than ever and success is now strongly correlated with three key factors: customer engagement, responsiveness and transparency. The retail banking industry is on a mission to modernise and get closer to its customers, aiming to position themselves as fairer, more secure and efficient, with the customer at the centre of their operations. With this objective to transform the customer experience, one would naturally expect the banking industry to focus their attentions on improving their main touchpoints with account holders. Despite efforts in other areas however, retail bank branch operations remain largely unreformed, with a surprising dependence on paper processing. This article will explore the digital strategies banks need to consider in order to modernise their branch operations and transform their customers’ experience.”

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Apple Pay, Samsung Pay, Android Pay: What This Means for Banks

From Bank Innovation –

“Over the past 25 years digital disruption has been occurring, but nowhere are these disruptions felt the hardest than by banks. Large established bank institutions are leading the charge in the digital disruption strategy and managing the velocity of technological change. Banks that don’t adopt new technologies will have very few easy choices for growth.

Speed of adoption to new technologies, especially mobile banking, is arising from consumers’ usage. Let’s take a look at digital banking and three major providers of mobile payments: Apple Pay, Samsung Pay and Android Pay.

Mobile banking is becoming more prevalent than ever, due to ease and convenience. The major smartphone and mobile device manufacturers all seem to be getting involved with mobile banking and mobile payments.

Currently, Apple’s iPhone leads the mobile market share with regard to handsets, at 42% share of market. While Samsung is at 28%. But more importantly is the operating system, in which Android leads with 52.4%, and not too far behind is Apple’s iOS at 42.6%. Apple has showed small gains in recent months.”

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