Title

On Point - The Uberization of Money

Abstract

Once upon a time, banks had money in vaults and you went there when you needed yours. Now money is tracked in zipping digits and many people never set foot in banks at all. Next trend: bank branches go obsolete, millennials and more ditch their banks for third-party tech services, the ATM goes the way of the phone booth and money gets “Uberized.” Need a loan? Want to lend? Want to invest in a hot start-up? Stash your cash? There’s an app for that, and a lot more. A sharing economy ready to move money. This hour On Point — banking gets apped.