“Imagination is not only the uniquely human capacity to envision that which is not, and, therefore, the foundation of all invention and innovation. In its arguably most transformative and revelatory capacity, it is the power that enables us to empathize with humans whose experiences we have never shared.” – J. K. Rowling
A few days back I visited my Bank’s ATM (Automated Teller Machine), which is around 8 miles from my office. I decided not to let go of my favorite parking space (under the shade of the tree, where my car would not get too hot in the summer) and instead to take an Uber to the ATM.
As I was waiting for my Uber, a thought struck me, what if there is an Uber business model for the banks? Do I really need to go to the bank or the ATM? Can we take the financial services beyond the banks? Yes, with e-banking and mobile banking, most of our banking needs are satisfied at home, yet we still do need to go to the banks and the ATMs for other services.