Citi Futurist Envisions the Part Wearables Will Play in Banking

From American Banker –

“You could forgive Andres Wolberg-Stok for sounding a bit gleeful about his new role at Citigroup.

In a newly created position, the 14-year company veteran is setting the bank's strategy for mobile devices, wearable devices, and the Internet of things. He's integrating voice and facial recognition, wallets and digital payments into Citi's consumer platforms. And perhaps most importantly, Wolberg-Stok is overseeing a wholesale shift to an application programming interface model for all Citi consumer channels. This change will let software developers quickly create new apps for the bank.”

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What Governments will look like in the future?

From Delloitte
By 2020, powerful technological, societal, and economic trends will have fundamentally reshaped the way government provides services.

Pointers to the future

From The Economist

“Forecasting the internet’s impact on business is proving hard.

Prognosticators have a bad record when it comes to new technologies. Safety razors were supposed to produce a clean-shaven future. Cars were expected to take off and fly. Automation was meant to deliver a life of leisure. Yet beards flourish, cars remain earthbound and work yaps at our heels.

The internet is no exception. Anyone looking for mis-prognostications about it will find an embarrassment of riches. The internet was supposed to destroy big companies; now big companies rule the internet. It was supposed to give everyone a cloak of anonymity: “On the internet nobody knows you’re a dog.” Now Google and its like are surveillance machines that know not only that you’re a dog but whether you have fleas and which brand of meaty chunks you prefer. We can now add two more entries to the list of unreliable forecasts about the internet: that it would make location irrelevant and eliminate middlemen.”

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Welcome to the bank of the future

Welcome to the bank of the future, where clients can use new technologies to communicate and interact with bank branches. These technologies include Windows Phone 7, Slate, Kinect, and Microsoft Surface.

The future of banking video is brought to you by Infusion, Microsoft and BNP Paribas.

What is interesting is that it’s not about new products and services but rather about Bluetooth/NFC mobile interchange.