From self driving cars to peer – to – peer rides, changing the way people move, with technology.
78% of of CEOs support integrating with FinTech at the top levels of management.
61% of financial institutions say that more than 60% of their customers will use mobile apps at least once in a month to access financial services in the next 5 years.
57% of firms are unsure about responding to Blockchain technology.
Source: PWC’s Fintech Survey
Imagine if everyone could get around the neighborhood, easily and safely in self driving cars, eliminating the need to drive when tired, unfit or drunk. Time and attention, spent on driving could be effectively utilized in doing other tasks that require your attention, as the car handles navigation, intelligent re-routing, safety instructions, traffic rule compliance ensuring safe and comfortable rides.
Example: Google self-driving car project has sensors and software that are designed to detect pedestrians, cyclists, vehicles, road work and more from a distance of up to two football fields away in all directions.
Technology is redefining the life in the sky, enabling airlines to offer passengers an engaging in-flight experience, specially hosting people on long distance flights. Being wifi connected during a flight, at an altitude of 35,000 feet could be a delightful experience. Airlines are exploring opportunities with local inflight wifi and GSM internet, which helps people connect with fellow travelers, even when their phones and tablets are switched to “airplane – mode”. This, we believe could change the experience on a long distance flight of say 24 hours. This also enables airlines to continuously engage with passengers throughout the flight. A good proportion of passengers, we think would use their phones to continue watching their favorite series on Netflix, easily purchase food and drinks, share contacts with fellow passengers in a click, browse a virtual duty free shop, download destination information, receive relevant promotions and offers and do much more.
Example: Gogo recently announced a new messaging pass that allows passengers to use apps such as WhatsApp, Viber, Skype and iMessage for under £2 ($3) per flight on most flights in the US and Canada.
With border control and sensitivity around cross-border immigration increasing, facial, fingerprint and iris-recognition are all currently being trialled as ways to improve the experience at the airport security checkpoints, around the world. Specially travelers taking international flights, today immigration check takes a long time, and requires passengers to stand in a queue. With biometrics – fingerprint or iris recognition integrated to person’s identity proofs and visa permissions, people need not wait in the a long queue to pass through this check, this could reduce the time per passenger from few minutes, to few seconds enabling the airport to handle larger number of passengers.
Example: In the US, automatic passenger control kiosks have recently been installed at airports. These kiosks take a photograph and a fingerprint scan for passengers arriving at the airport and match the results to the information stored in their passports. This helps make immigrations secure, error free and faster.