This is a great presentation of some of the key developments that have already arrived or are on the horizon. It’s clear that they will have an impact on the financial services industry, with search and mobile being areas in particular where innovation will happen based on what’s called the semantic, or intelligent web. Another area will be recommendation systems where things are moving ahead with improved results noticeable to users.
Tuesday, March 18th, 2008
Daily Archive
March 18, 2008
March 18, 2008
Great post on ReadWriteWeb giving a glimpse of what’s to come in mobile applications. Here’s one related to finance:
8. Credit Card and Biometrics as Software
The business world is also going to benefit from mobile innovation. Soon credit cards will become software. You will walk into a store and to pay, you simply choose a credit card button. The iPhone will communicate securely with the cash register in the store, via Blue Tooth or Wi-Fi. The safety of the transaction will be ensured via biometrics. For example, a clerk in the store might ask you to place a randomly selected finger onto the screen of your iPhone to verify that the phone belongs to you (assuming that all phones are securely initiated in the store and may not be reset).
Lots of very exciting stuff and, of course, 12 more reasons for getting yourself an iPhone…..!
