Banking Technology Quotes

Here's a startling fact: in the 45 years since the introduction of the automated teller machine, those vending machines that dispense cash, the number of human bank tellers employed in the United States has roughly doubled, from about a quarter of a million to a half a million.

JPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too.

I'm totally convinced that the battleground of banking is not the front office. The battleground is the back end.

If you look at the banking business over many years, it's always been a huge user of technology. This has been going on my whole life, that people have been adding technology, digitizing services.

If you look at people who have an iPhone or Android and are under 40 and are dissatisfied with their bank, it's actually quite a large market.

Staffing branches with tellers can be considered a premium service in a world where fewer customers visit bank branches for transactions.

And many of the people who buy or found banks have had no experience in banking at all. If they can learn it, so can we.

India did not innovate with the ATMs. But when we brought ATMs into India and made the machines talk in 15 regional languages to the people in rural India, we got millions of transactions on the ATM.

If we want to be the banker to every Indian as we want to be, then we will have to use technology.

I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be faster adoption of the blockchain in the enterprise space and with banks.

The government of India is consistently very advanced. When the world was hesitant on UNIX, we were the first to move in; the RBI said that all banks will implement on UNIX. It worked!

A lot of people don't love their bank.

Drive-in banks were established so most of the cars today could see their real owners.

Rather than worrying about entities, we should worry about the trends in technology that may cause disruptions... if we get so paranoid that banking is no longer going to exist and banks are going to get disrupted, I think that is a different worry.

The first ATM in Hong Kong was actually at the foot of the bank. I remember my father using it. And I find it absolutely terrifying that - something about the way the machine just kind of coughed up money with no difficulty.

The staff members of all banks have worked very hard, and we all owe them our gratitude.

Countless banks around the world are already testing distributed ledger systems in proof-of-concept trials.

I think a lot of people have predicted the demise of cash, and they've frequently been wrong. But there's no question that the smartphone is leading to the digitization of money. You really now have all the power of a bank branch in the palm of your hand.

Because SBI is so large, serving customers in India's big cities and small rural villages alike, it has a pressing need for better tools and technology to monitor lending risks.

I saw a bank that said '24 Hour Banking', but I don't have that much time.