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Judge Me By My Cover: The Toothfairy and the Future of Banking

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Synopsis

Theo: If we were to go cashless, the tooth fairy would not be able to give you money anymore.Theo's Kiddo: Well, the tooth fairy could always put money in a prepaid card.The world is definitely ramping up to go cashless.As technology continues to reduce friction, banking will become more embedded in our day-to-day life. A bank as we know it might look very different than what it does today – and we may no longer need a physical branch to service most of our needs. Recent market entries such as T-Mobile Money illustrates this point: a telecom wireless provider leveraging technology to enable consumers to conduct financial transactions. But this is just the beginning.In this episode of Judge me by my Cover, Theodora Lau and Arun Krishnakumar talk to Brett King, an international best selling author, futurist and the Founder and Chairman at Moven. Brett shares his views on the future of banking, how China is leading the world in Fintech with 22 Trillion of digital payments done vs 10+ Billion in the west, and wha