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Board Issues : Retail

The Battle for the Bank Account: And Why the Banks Will Probably Lose

June 20th, 2013 |

Brett King, best-selling author and disruptor, explores the end-game in the emergence of the mobile wallet and what it means for the humble bank account. With more than 60% of the world's population without a bank account, with the ubiquitous nature of mobile phone handsets and the increasingly pervasive pre-paid 'value store' - will banks still be able to compete? When you can get your salary paid directly onto your phone, when your iTunes account doubles as a prepaid debit card and when you can use Facebook to send money - will there be any need for traditional retail banking in the future?

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Brett King, often referred to as The Disruptor, is known in financial circles as a Bank Futurist. Recently named ‘Innovator of the Year’ by American Banker and Bank Technology News magazine, his radical and revolutionary views pertaining to customer experience and financial services have made him a sought after expert and strategic advisor to many of the world’s leading financial services organizations.