Tuesday, February 15, 2011
Deutsche Telekom Might Buy a Bank or Payment Prcoessor?
Deutsche Telekom, Europe’s largest phone company, may “have financial relationships and perhaps own a financial entity” to support its mobile payments and banking efforts, Chief Technology Officer Ed Kozel said. Kozol did not elaborate, but becoming an "issuing bank" or a "payments processor" are the logical possibilities.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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