Bank 4.0: Banking Everywhere, Never at a Bank

by Brett King

This is bringing a convergence between creditworthiness and wealth to help people from all walks of life to realise their dreams. Creditworthiness is linked not only to wealth, but also to the operation and governance of society. It is closely related to everyone’s daily life. This is why the usage of technology to extend credit to everyone creates a more inclusive economy and a more equal society. Ant Financial believe that, in the near future, it is likely that cameras in restaurants, subways and airports will automatically identify your credit status. People will be able to go out without a mobile phone, cash or even an identity card. They can go anywhere using only their face as their authentication system. From your face the cloud, and the big data of creditworthiness behind it, will become everyone’s passport in society. The trustworthy will be welcomed everywhere, while the untrustworthy will be rebuffed at every step.