For example, the IBM “Deep Blue” supercomputer that you may recall beat Gary Kasparov back in 1997, is less powerful than the iPhone that we carry in our pocket.
Many of the new developments are taking place in the retail payments space — banks are introducing new services such as mobile and contactless payments, and engaging with new market players such as Apple Pay, Amazon and Alipay. For example, ANZ’s recent partnership with Apple Pay. Banks are having to make crucial decisions about how best to respond in the new payments environment.