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Tech visionDecember 1 2011

Move over mobile: why banks should acquire a taste for chips

Mobile banking may seem like it is at the cutting-edge of technology, but the real value is in the chip, not the mobile device itself, as it is the chip that can enable banks to analyse their customers' lifestyles.
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All of the conferences that I attend these days seem to talk about mobile; Google Wallets, mobile, Banksimple, mobile, Movenbank, mobile. I am regularly stressing that we must stop talking about mobile and start talking about point-of-life.

First, stop talking about mobile. The fixation with mobile is because it has finally come of age, as has personal financial management (PFM). Now it has come of age, all of the banks and banks' service providers are leaping into these two markets head first and swimming deep in the water.

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