Banking is being disrupted as we speak

Technology is changing the way consumers relate to their finances, and the way institutions function in our financial system

 

Imagine a world in which your phone can help you make financial decisions, from small things like choosing which loyalty programs give you the most bang for your buck, to big things like comparing mortgages.  Or one in which an app can make the lag time between earning money and actually receiving the money you earned virtually disappear so you don’t end up visiting a predatory payday lender. Imagine a time when, as a small business owner, you can accept payments online from all over the world in minutes.  Or when you can send money to relatives back home instantly and automatically.

 

Read Adrienne Harris’ story on The White House’s blog