By  Updated on Mon Jul 21, 2014

Weekly Wrap: New Banking Tech of the Future

 

Weekly Wrap: New Banking Tech of the Future

In this short week, due to Presidents Day, you may have come across a few major headlines regarding consumer technology — particularly Google Glass. While we relish the idea that, one day, a piece of eyewear will find the ATM for us, there are some financial technologies that are within our grasp.

USAA, the bank that pioneered mobile check deposits, will launch a voice recognition technology on its iPhone application. Customers will be able to perform financial transactions in a Siri-like fashion.

An overhaul is coming to Wells Fargo’s ATM user interface. The big bank plans to upgrade the ATM experience by adopting layouts that we’ve come to known through tablet devices.

In a game of catch-up, Huntington Bank is starting to upgrade its fleet of ATMs so that customers no longer need deposit slips and envelopes — just feed the cash and checks into the ATM.

While banks are empowering customers with new technology, the MyBankTracker team empowered itself with mobile apps to tackle the chore of tracking expenses. During the 2-week challenge, I found it tedious and unnecessary to keep meticulous records of my spending. Laura, on the other hand, revealed that expense-tracking was an enjoyable experience because she likes to stay on top of her spending.

Amy, who has been diligent when tracking expenses, points out 3 finance apps that beat Mint (one of the most popular personal financial management tools) when it comes to recording transactions accurately.

However, lets not get lost in the world of technology and return to the more practical realm of money.

We highlighted several reasons that you should not buy a home. One of these reasons is a low credit score, which may lead to a denied loan application. There are a few things you can do to ensure that it doesn’t happen to you. While you’re at it, why not look into some side gigs to boost your income? It’ll come in handy when you’re ready to apply for that mortgage.

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