The Future of Banking, Impatience & Collaboration

Being the impatient type (only on some occasions!) Italent to make it better for them all to exploit.
was interested to see a press release from ChaseWinning by Sharing.Closing words on impatiencea. Can
about their new Blink card. In a nutshell, Chase havesomeone please invent a lift/elevator with doors that
released a new type of Credit Card - a contactlessclose as soon as I press the "door close" button.b.
one. What does this mean for you? Your paymentWhy, when retrieving my mobile voicemail am I
experience has change dramatically for the better. Nogreeted with "Welcome to your voicemail, to do this
swiping, no printing, no signing, no PIN entering. Justpress a, to do that press b, to do something else
hold your card near the reader machine at thepress zero". I just called my voicemail, what do you
checkout, wait for the light to blink green and offthink I want to do!c. Why, when I call my mobile
you go. Great.What interests me here is not just theprovider am I asked to "enter my mobile number",
appropriate use of technology but how we, thethen taking through various levels of options and
consumer, hold our time is such high value. I knowthen when I finally get to speak with an agent their
that I do and I'm often criticised for it, I hate waiting,first question is "what's your mobile number"? A cynic
I don't like being party to something the I think ismight suggest that their CTI system is smoke &
inefficient because I want to change it.mirrors, not me though. ;)Closing words on
The press release has the statistic that transactiontechnology in banks
times can be reduced by as much as 40%. This doesi. How is it that we have technology such as that
sound great but it's interesting to remember that thisdescribed above, but I still can't transfer money from
is 40% on a transaction time that was only evermy Bank of America account to that of another BoA
measured in seconds anyway. Again, re-enforcingcustomer only and must "cut a check". As the
how much we value our time or, as cynics mayAmericans would say, "What's that about..."?My
suggest, how impatient we are.Is this really thebackground and experience is mainly project
future of payments though? I do think that we willmanagement within diverse environments such as
have a future without cash and so this is certainly alarge corporate financial institutions, medium-sized
step in the right direction. But what we have here istechnology consultancies and smaller start-ups. Having
a piece of technology that can only do one thing -held positions including Operations Director (COO) and
pay. OK, two things you can use it to scrape theHead of Process Management, I recently decided
frost from your car windscreen. Seriously though, wethat the time is right to take a calculated risk and
can't have a future of one hit wonders, we needleave corporate life for good...the entrepreneurial side
multi-function. The future is mobile. We need thisof my character is prevailing.My focus is on becoming
functionality embedded into our mobile devices. notean "Un-natural Entrepreneur". I want to work with
"devices" and not phones, we shouldn't call thempeople and companies that have vision. I can offer
phones anymore as this is now only a part of theirkey values and skills to help bring your ideas to
overall functionality and for may, the part they usefruition. If you are a "starter", then I am your
the least."finisher". My approach to a challenge is to clarify,
For this to be truly successful and for all of usunderstand, problem-solve, develop and deliver.To
(consumers and banks alike) we need to collaborate.take an idea or concept through from its inception to
Please let's not have another bank go off to have aits execution requires a consultative approach - a
competitive card with essentially the samepartnership. I am a rational and pragmatic thinker and
functionality with an exceptionally minor tweak thatcan work within an existing management structure,
will then be used as a differentiator. Let's have Banksor create a new management team through my
A, B & C collaborate with Chase, acknowledge thatextensive network.
this is a great idea and then pool their respective