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More money than sense?

Banks in Saudi Arabia and a few other GCC counytries have been offering this service for over four years , plus more ATM serviecs. Good to see IDBI catching up through

Just wondering, should the account / loan providers (these used to be banks only at one time!)  not also apply a bit more creativity to the actual products they want to sell and the prices they want to charge ? Seems to me there is more to this stuff that just a gamified front-end on my mobile.

Wondering if Apple Watch heart beat app will make things like this redundant

Very useful, thanks.

A few years ago one of UK's most innovative institutions actually ran quite a comprehensive and well thought out pilot using iris scanning to authenticate ATM cardholders in Swindon but in the end its customers did not like the idea and the project was shelved.  I am sure ATM's will continue well into the next few decades but will evolve to meet our changing needs.

I have had some conversations with the type of building societies that John mentions. A number don't even have Faster payments on their radar and some it apperas, will rely on their agency banks to "help" them out with no or very little apparent  concern regarding the competitive issues and risks.  However, I do see a golden opportunity here for the smaller "banks" to apply low cost pervasive technology to offer their members / customers the exact same benefits that Faster payments promises without having to participate in the scheme itself.

Hoss Atri