Thursday 22 September 2011

Banking rebooted

For me one of the highlights of Sibos 2011 has been the official launch of Movenbank.

Brett King, the author of BANK 2.0 and advisor to some of the world’s biggest financial services organisations, outlined his vision for the first bank to be launched globally that abolishes paper, plastic and hidden fees. Movenbank has been operating in stealth mode this year and is set to go live in October with a formal launch pencilled in for Q2 2012. The holding page promises a "third generation banking experience...built from the ground up for mobile and online."

The old guard have been out in force at Sibos 2011, but it's great to see new, innovative ventures competing for attention. An in-depth look at Movenbank will appear in the next issue of FStech.

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