Brett King: The Future of Banking – No Signatures

Brett King wrote a blog post for Huffington Post with the title: Why Kids Don’t Have Signatures, and Banks Shouldn’t Either. Read about it here…

Brett King

One of the reasons students around the world lack the basic skill of a signature these days is that they rarely have to use one until they enter the workforce. In fact, all of the basic services these guys use today simply don’t require a signature for opening an account – Facebook, Google, iTunes, Snapchat, Instagram, Mobile Phone Accounts, etc. If they have to open a bank account or rent an apartment, they might be required to provide their John Hancock.

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Clearly the customers of the future are not big fans of a signature – they’re not writing checks (or cheques). They’re not working with banks that use signature cards generally either. Their life is based on a digital persona, and real-time digital access to their phone or bank account is increasingly based on biometrics that are much better fraud prevention measures and identity verification methods than a cursive writing-based signature. Why insist that these kids still sign their college application, mortgage application or bank account opening form in this day an age? It just doesn’t make sense.

Read the entire blog post here…

Brett King

Brett King is a bestselling author and the founder of a breakout new retail banking concept, Movenbank. Voted as American Banker’s Innovator of the Year in 2012, King initially achieved recognition for his bestselling book BANK 2.0, which received widespread industry acclaim and topped category lists in the UK, USA, Germany, Japan, Canada, France Russia and Asia. ‘Branch Today, Gone Tomorrow’ – King’s second book achieved bestseller status in its first week on Amazon. He is widely considered the foremost global expert on retail banking innovation today.

A keynote speaker at leading global events for financial services and innovation, King is an acknowledged expert on innovation, customer experience and channel distribution strategy including understand the fundamental shifts in consumer behaviour.

Brett has presented at conferences in more than 40 countries for organizations like Google, Forbes, Oracle, The Economist, SAS, SWIFT, Bloomberg, American Banker, ABA, IIR, World Council of Credit Unions, and others. He has served as an international judge for The Asian Banker Retail Banking Excellence Awards, the GSMA Global Mobile Awards, the Middle East Business Achievement and Retail Banking Awards.

Contact us at Speakers Connect at [email protected] or +852 21654126 if you would like to engage Brett for your next event.

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