The Bankwatch

Tracking the consumer evolution of financial services

Game changing banking technology announcement

Once in a while I am fortunate enough to get a hold of embargoed material.  This one is expected to be released to the public in about 1 month but I was able to get exclusive rights to release this now.

Here is a senior management communication from a well known bank with what I can only describe as game changing technology for financial services.  In a few days I will be able to provide additional exclusive detail, but meantime this is just too good not to share.

Enjoy this internal management letter.

To All Management:

Many of you are engaged in our scheduled enhancements to our online and mobile offering.  However there are some highly confidential elements as some  you know which had to be held back until we received regulatory approval.  We now have that approval.

First some background.  Technology is rapidly evolving and we are all very aware of that nowadays.  Part of that is the rapid expansion of UAV (Unmanned Aerial Vehicle or Drone) technology in silicon valley.  You may also have noticed that FaceBook is directly involved with drones to provide enhanced internet services, and in fact they have purchased an English drone company recently.

Our online banking strategy was always intended to be competitive rather than leading edge and its time to revisit that approach.  This new initiative which I am going to share required us to work very closely with OSFI, PIPEDA and Interac as well as some big players in silicon valley, to gain approval before we could share more broadly.  I believe this will literally take online banking to new heights.

We can now announce our intention to be the first bank to deliver banking by drone.  We believe this will frankly make mobile banking look like yesterday’s news. It will be branded Drone Interac Payment (DIP).

More to follow.  Meantime there is much preparation required, primarily for employees and it begins with you.

From a training perspective, all employees will be required to receive advanced UAV training so that they will be able to direct the drones from the desktop.  Management will be first to receive this advanced training.  You will be receiving a new monitor and joy-stick to accommodate drone piloting.

Good luck with this and any questions, please contact your friendly Chief Drone Interac Payment Pilot contact (C-DIPP) name redacted.

Written by Colin Henderson

April 1, 2014 at 01:07

Posted in Uncategorized

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