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Follow on Google News |  HERE COME THE NEO BANKS:The end of traditional checking accountsIf you listen to one show of BREAKING BANK$ this season, make it this one!
By: VoiceAmerica Pre-paid debit cards are the fastest growing deposit product in countries like the United States and China today. In the US healthy 25% year-on-year growth the last 4 years now amounts to $350 Billion dollar annual business. In contrast checking accounts in the US have been shrinking by close to 4% year-on-year since 2009. The vanguards of the new bank account today, however, are not necessarily the giants of the financial industry. The new bank account is being defined by a different set of rules. Low friction, engaged customer base, differentiated distribution (no branches) and strong digital (mobile and web) support are all the rage, but at the core is a new approach to the basic day-to-day bank account. Join Brett King (Author of Bank 2.0 and 3.0) and his guests Alex, Jon and Shamir, as they discuss how neo-banks will are changing the rules and redefining what it means to be a bank at the same time. Jon Rosner is Vice President, Product Development at American Express. In this role Mr. Rosner is responsible for product and capability development for the US Payment Options business including the creation of Bluebird, a debit and credit alternative in partnership with Walmart. Prior to assuming this position, Mr. Rosner held a variety of roles of increasing responsibility at American Express in marketing, strategy, finance and business development functions in Merchant Services, International Consumer Card and Travelers Cheques. He joined American Express as a campus hire in the Strategic Planning Group. Mr. Rosner earned a BS from Wharton and an MBA from NYU Shamir Karkal is the CFO/Founder of Simple.com. Shamir is a software engineer turned finance and banking expert. Prior to Simple, Shamir was a consultant with McKinsey & Co. specializing in strategy consulting for financial institutions in Europe, the Middle East, and the US. Prior to McKinsey, Shamir was a software engineer. He has a bachelor’s in computer science, a master’s in information technology, and an MBA from Carnegie Mellon University. Alex Sion is President of Moven, and has more than eighteen years of experience in business, technology, and marketing strategy for financial services firms. Alex’s previous roles include Senior Vice President at Citi, where he was part of the leadership team that conceived and launched myFi a new digital business within Citi Global Wealth Management focused on the mass affluent customer segment. At myFi, Alex was responsible for defining and launching the core business/technology platform, client services environment which included both branch and service center advisors, and distribution strategy. All of these had a heavy focus on leveraging digital/online mediums. Alex has a BS from Yale. Breaking Bank$ airs live on Thursdays at 12 PM Pacific/ 2 PM Central/ 3 PM Eastern on The Voice of America Business Channel. To access the show, log on at http://www.voiceamerica.com/ Contact Senior Executive Producer Randall Libero at 480-553-5743 for advertising / sponsorship information or other show details. About Brett King: Brett King is a three times bestselling author, well-known futurist and speaker, and founder of a breakout new retail banking and lifestyle concept "Moven.” King was voted as American Banker's Innovator of the Year in 2012, and was nominated by Bank Innovation as one of the Top 10 "coolest brands in banking.” King has been featured on CNBC, Bloomberg, BBC, Financial Times, The Economist, The Asian Banker Journal, The Banker, Wired magazine and many more. He contributes regularly as a blogger on Huffington Post. King initially achieved recognition for his bestselling book BANK 2.0, which received widespread industry acclaim and topped category lists in the UK, USA, Germany, Japan, Canada, France Russia and Asia. 'Branch Today, Gone Tomorrow' - King's second book achieved bestseller status in its first week on Amazon. His current book BANK 3.0 is currently topping the charts in the US, UK, China, Canada, Germany, Japan and France and has been published in English, Chinese (Simplified/ As an industry thought leader, King has delivered keynotes at conferences in more than 40 countries for organizations like Google, Forbes, and Oracle. He has served as an international judge for The Asian Banker Retail Banking Excellence Awards, the GSMA Global Mobile Awards, the Middle East Business Achievement and Retail Banking Awards. About VoiceAmerica/ World Talk Radio, LLC is the world leader in online media broadcasting and the largest producer and distributor of live internet based talk radio and TV, delivering over 1,000 hours of programming weekly on its VoiceAmerica™ End
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