Online banking continues to grow, but that’s not to say there aren’t obstacles keeping it from exploding. The banking industry is ramping up the noise about changing rules that make it difficult to open accounts remotely, and Congress has the topic on its agenda.
The nature of identity fraud is changing. With the rollout of smart chips in credit and debit cards making it more difficult to steal using cards themselves, thieves have their eyes on your data instead.
Smart ATMs with high-tech software for ATM operators are becoming more popular than traditional tellers. Many bank branches are updating their look and technology to save money in the long run. The idea is to cut costs and compete for higher margin business such as home loans.