The Future of Banking

Financial technology has caused traditional banking to evolve, leading most banking leaders to adopt new policies and strategies. What is next for consumers and the way they use their banks?

According to an article from The Week, “Experts say most credit and debit cards will soon be able to be turned on or off “instantaneously” via an app. For instance, to protect your card’s security, you could “leave it off” most of the time and simply activate it only “when you’re buying something.”

The article discusses:

  • The future of banking
  • States helping first-time homebuyers
  • Booming retirement costs

The article continues, “Some branches will incorporate coffeehouses to appeal to millennial customers, while others will “offer yoga classes, wine tastings, and knitting sessions.” What is your bank doing to evolve?

To read more, see the full article from The Week.