BankNet 360 – Big Blue Creates ‘Bank of the Future’
This is pretty far out stuff. IBM have built a $250 million Bank of the future in Singapore to illustrate the technological future for Banks.
The facility includes a surveillance system that monitors how much time customers spend in different sections of the branch and to what extent they are viewing product displays, biometric authentication devices that recognize users through the veins in their fingers, and automated teller machines that take deposits and recycle the cash for dispensing.
Source: BankNet 360 – Big Blue Creates ‘Bank of the Future
No pictures yet, and I am really curious to see the details. I located some more on the announcement, but no real details yet.
http://www.antara.co.id/en/seenws/?id=20537
Also some additional reading on the topic that showed up in my search.
http://www-03.ibm.com/industries/financialservices…
http://rbd.doingbusiness.ro/ibm_sept06.htm
http://news.webindia123.com/news/articles/Business…
http://whitepaper.banktech.com/cmpbanktech/search/…
Technorati tags: bank+of+the+future, banking+strategy
Isn’t it amazing that a corporation – of any size- can spend this much on what is essentially collateral. Whilst I envy IBM the budget, they must have some fairly ambitious sales targets to justify such an investment. Or maybe it shows just how lucrative vendors believe branch projects are just now.
Colin: you’re not from the vendor side. Would you travel to Singapore for the express purpose of seeing such a facility?
James Gardner
September 27, 2006 at 09:52
Its a good point, and I don’t know why they located it in Singapore either. If they were smart they would lever webcasts, web cams, and other online facilities to display it.
Colin
September 27, 2006 at 12:44
250 mio seems a lot of money. But the real number is 250 000 $
http://www.ibm.com/news/sg/en/2006/09/20060925_ibm_invests_banking_solution_center.html
Andreas
November 8, 2006 at 09:00