Big Data, Open Banking and Futurist cyber criminals

Posted on Thursday, 03 May 2018

Some of you may still like to live by the words of the great Western philosopher, George Costanza (yes, from Seinfeld). Among his many ‘wisdoms’, he even commented on the financial services industry, saying, ‘Important things go in a case’. In other words, for everything important in life, you need to have a physical package – for George, this meant a wallet for his cash (even if it meant back pain). But fast-forward a few years and everyone except Mafioso types and those operating in the illegal drugs business are entering the world of a cashless society. Money is already virtualising, and this changes the game – for good and bad.

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Tags: cyber criminals, future of banking, seamless banking, cashless

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