Banks of the future
Let’s continue on our “of the future” series with banks. “Of the future” is a series where I attempt to overhaul major institutions of our civilization. Today, we will be looking closely at banks and attempt to get it ready for the future.
You will open your account at the bank by submitting a scan of your face and iris. This will be used to access your bank account anywhere and everywhere. Instead of using a credit card, or an app on your phone, you will scan your face to pay.
The merchants are required to submit receipts when processing your payment. That way, you get a detailed breakdown of all your expenses at a per item level. Plus, purchases are tied to your identity, making returns a breeze.
Want to buy a house? Banks can take care of that. Imagine sitting with your robot assistant inside a holographic room where it interests you in a bunch of properties for which you are pre approved. You choose a couple you like and a real estate agent takes you to the property for a real tour.
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How about buying a business? Your robot assistant will show you the property and run you through the numbers inside the same holographic room. Once you and your partners decide to buy the business, you will all be present at the bank’s office along with the selling party and verify your purchase via facial scans (maybe a group facial scan??)
Stocks and bonds will also be purchased via the bank app on your smartphone or other devices. The banks may sell their own shares as well. These stocks can be purchased and sold at any time of the day, 24/7 365. The market will be operated autonomously using advanced systems.
Ultra fast 3d printers will print you a model of the house that you’re purchasing as well.
Universal face payments might become a thing too. You could go to a different country and still pay with your face from the account you have back home. No foreign currency exchange would be required here.
You could walk up to any ATM and get as much cash you want simply by showing your face.
Okay, that’s all for banks of the future. This article took a good part of 2 days and still feels not that substantial. But something is better than nothing, right? Until next time, happy inventing!
