Retail banking has remained much the same for a long time. Even web banking is just a new front-end for traditional back office systems. UCD may be the driver of change.

We envisage that banks will soon begin to offer PDS accounts, integrated into web banking applications, and allowing individuals to control the flow of personal data from the same interface that they use to control the flow of money. The first attributes will be proof of qualifications, and proof of identity. Use by the education sector should provide a route to scale.

The key to the involvement of the banks is – of course – the business and funding models. We have clear ideas about these, and are working to develop them further. Please contact us to discuss.