Robo-advice might prove most useful to those who need it the most, making them feel more competent and in control.
ATMs began appearing in churches providing a way for people to come up with ready cash to give to God and their church. But why was cash necessary?
Fifty years after the first ATM went into service, the main problem – identifying authorized users – remains the same. But methods for doing so have improved significantly.
Despite a rise in cashless payments and a drop in customers drawing out cash, bank tellers might still have a future.
Devices we keep in our pockets can now do most of the functions once the dominion of the automated teller machine – or banker – but it may be premature to pronounce the end of the ATM.