This week is a very special week as Tech Tuesday has reached over 150,000 subscribers! I spent the end of the day reflecting on the last (almost) two years of effort in building Tech Tuesday and I am reminded of why I started the series in the first place. The idea behind the series was to provide a concise overview and discussion centered around relevant, current topics related to technology while also using my platform to highlight the voices of the best and brightest across industries. Watch the video below where I give a special thank you to all of you, and then, in honor of the 150, I highlight some of my favorite technological achievements across financial services throughout the past 150 years. What was your favorite Tech Tuesday to date? What has been your favorite technology that has impacted financial services over the last 150 years?
#TechTuesday Highlight #71:150 Years of Fintech
1950 The Credit Card
As someone who can’t count the number of credit cards on one hand (my favorite being my cards with American miles), I am always interested in seeing what perks credit cards offer. While not exactly 150 years ago, the first card was created in 1950 by Ralph Schneider and Frank McNamara, known as Diners Club. This was a big deal at the time as it was the first charge card.
1967 The ATM
Last-minute trips to the ATM have saved me more than once in my life and I am forever grateful for the technology created by Shepherd-Barron. The first ATM appeared in London at a branch of Barclays bank.
2004 Remote Deposit
With the amount of time I spent on a plane and in airports pre-Covid, the remote deposit has been a game-changer for me throughout the years. Digital check clearing was made possible when the Check 21 Act took effect in 2004 and, while it had some early challenges, was a game-changer for consumers.
As we are in 2020 looking at another roller coaster year for the market, I would be remiss if I didn’t mention bitcoin. The concept of digital currency has always fascinated me, especially as the inception was in response to the market crash of 2008. Bitcoin was released by Satoshi Nakamoto in early 2009.
#fintech #product #strategy #technology #bitcoin #atm #remotedeposit #creditcard
What was your favorite Tech Tuesday to date? Post your thoughts in the comment section or share them on Twitter. Please include the hashtag #techtuesday and mention me @ScarlettSieber! Until next week. 🙂