Artificial Intelligence, Machine Learning and Blockchain technologies will re-define why banks exist...
First Online Bank will eventually go way beyond the traditional scope of financial services and increase barriers to entry to the next generation of banking through AI/Machine Learning services.
First Online Bank could offer financial products and services for cryptocurrency and Blockchain technologies including smart contracts that will ensure secure pay-for-performance.
"Bank's can't choose between digital and physical retail channels; rather, they must focus on how the two work together."
"Finding success in this new landscape means understanding and embracing emerging technologies like artificial intelligence and machine learning software to deliver more relevant services."
Lead the Industry: "Enabling customers to transfer funds back and forth seamlessly between crypto currencies and checking/savings accounts differentiates the bank from almost all others"
"First Online Bank is uniquely capable of providing the automatic branding and instant credibility necessary to lead the banking industry into the future" Branding Power to attract a Critical Mass of Customers.
Acquiring a bank charter requires extensive planning and a significant investment in time and money.