For decades, banking was a mundane, routine task. You visited a local branch to open or close accounts, deposit, withdraw and transfer funds. If you wanted to apply for a mortgage or loan, you made a personal appointment with a banker.
Now, you rely on your smartphone and online banking to complete most of your transactions. Technological advancements have made online banking and mobile banking fast, flexible and convenient.
“Banking is a notoriously slow-moving industry, even in the technology age, so there likely won’t be a radical shift in the products and services offered in the next ten years,” said Mike Catania, an engineer, mobile-payment app developer and founder of PromotionCode.org.
