The following page is intended to highlight certain points of how the internet has affected banking to date and what to look for in the future.

The Future of Internet Banking

• 50% of U.S. households are expected to have online banking by the end of this decade
• "Absolute Branchless Banking".
• Extending online services via mobile devices and television.
• Create virtual information sites similar to social networking sites.
• Through referrals customers can create new accounts without entering a branch.
• Making security measures seem less overwhelming to customers.
• MIT Media Lab and Bank of America announced the creation of the "Center for Future Banking"
• This five year study will explore the impact of web computing and social networking approaches on how people manage their finances
• http://www.fastforwardblog.com/2008/04/11/the-future-of-online-banking-more-social-than-subprime/ Joe McKendrick April 11, 2008        

New Technology

• Web 2.0 forums (wikis, newsgroups) as part of banking portal.
• Portal aware banking solutions (accessed from virtually anywhere on the banks portal)
• Newer channels for bank products like IP-TV and conditional access systems.
• Mobile commerce models riding on top of the mobile banking platform. http://un-gaid.ning.com/profiles/blogs/model-of-mobile-commerce  Fasih Masood April 24, 2009 

Please read the following article which discusses "The Incredible Future of Internet Banking"!

http://ezinearticles.com/?The-Incredible-Future-Of-Internet-Banking&id=713762  Craig Thornburrow September 2, 2007

The following link provides some helpful charts which highlight how the balance of power has shifted in the banking industry over the past two years.

http://econompicdata.blogspot.com/2009/02/top-ten-banks-then-and-now.html  Economic Data February 23, 2009

It is possible that transactions can be made from your mobile phone and you may not need the bank ever or so some people claim like this futurist http://www.youtube.com/watch?v=JRa86nqUCgM&feature=channel_page

Improved Internet Banking technology

1. has reduced the costs of processing transactions.

2. Making bill payment and account management easier for the customers