At least some are brave enough to sign up for Fiserv’s MyMoney.

I wonder if some banks outside the US will propel US banks and credit unions to move forward. Eventually.

Good post and despite me agreeing wholeheartedly with you it’s so far, for us, been harder to convince bankers.

We are trying to tell bankers, namely community bankers and CUs, to leverage these technologies but there is a strong FUD factor intersecting with 5 years of security/regulatory concerns (SOX, GLBA, FFIEC) making these bankers stay with the status quo for fear of getting hacked or shutdown.

I tell them that your customers want it, your employees want it, and people are talking about you elsewhere anyway but the unfortunate part of it is there are many people in banking that are probably under qualified for their positions (especially IT). And by trying these services they would have to expose what they aren’t, so, by jumping into the unknown is not something they want to deal with right now though they know they should.

With that said, I’m not giving up just yet. I honestly think this administration leveraging these technologies will trickle down into many sectors of business (especially banking).