Banking’s future: Goodbye credit cards, hello social media probes


Advancements in technology will make banking very personal within the next decade—it may require your eye or finger to pay for shopping and your social network profile may determine your access to credit, the Daily Mail reports.

Banks may request access to clients’ Facebook account and see whether users have a stable friends network—a sign they may be less of a credit risk than users who change friends frequently, financial technology expert Gi Fernando told the Daily Mail.