Social Networking meets Banking...

Nothing in this content should be treated as tax, legal, investment or financial advice. Full details here: https://www.retirementplanb.com/disclaimers

Nothing in this content should be treated as tax, legal, investment or financial advice. Full details here: https://www.retirementplanb.com/disclaimers

http://www.BankToTheFuture.com So after all this talk about Facebook and Google becoming banks, I got inspired to call a meeting with Thomas Power himself and a team of experts...

Having signed the contract with my publisher to write my latest book on the future of banking and the launch of my alternative non-bank 'BankToTheFuture.com' around the corner, I have been on a bit of meeting frenzy.

As banks have such a track record of non-transparency, I thought I would do the opposite and pull out the video camera during my meetings.

We live in the digital, social transparent age after all right?

Quite a challenge for banks when I tell them that.

But anyway...

So Thomas Power thinks that Facebook will have a go at creating a worldwide monopoly in financial services.

As crazy as that sounded when he first said it in that famous Bank Of Facebook video, with the launch of Facebook Credits and their interest in Lending Club and Prosper, it does not seem to 'out there' anymore.

Then we have Google who has already made the first move with the launch of Google Checkout and Google Wallet.

Could the latest attempt at a social network, Google Plus, be a fully transparent way of dealing with their banking customers in the future?

Amazon Payments has made a move, and with that many credit card details stored on their system, what would a move to banking look like for them?

What do you think?

http://www.BankToTheFuture.com