Top Four Technologies That Will Make Bank of America and Chase Less Hated - http://clapway.com/2016/01/14/top-four-technologies-that-will-make-bank-of-america-and-chase-less-hated/

Technology is soon going to be making a huge addition to financial services, which includes Bank of America and Chase. The following are just four of the technologies that are going to make Bank of America and Chase less hated.

These Are Top 4 Technologies That Will Make Bank of America and Chase Less Hated:

BITCOIN

Bitcoin is both a technology and a type of currency. The company Ripple talked a little bit about how bitcoin could change the financial services around the world. Ripple describes this as a low-cost payment mechanism that is better than any alternative. They mention how it is faster, more secure, and just simpler than the rest.

THE APPLICATION PROGRAMMING INTERFACE

The API has been used for many years now and it allows software programmers to develop their applications. However, one company, Stripe, talked about how this could be added into services like Bank of America and Chase. They propose that a business should be able to process electronic payments with integrated API’s.

CROWD-SOURCED, SOCIAL MEDIA BASED, IDENTITY SYSTEM

When it comes to banking, identity is as big a part as any. As of now, banks are required to conduct activities that ensure they know who their customers are. However, some companies have come up with the idea of integrating a crowd-sourced reputation system for banks. Basically, people would be able to trust each other online through their digital reputation. This is considering that their reputation would be good.

OPEN SOURCE HARDWARE

One of the best examples of a company using open source hardware, or software, is Mozilla. They have created a community of millions of developers to do work on a similar project. Well, Allevo has just recently decided to use this open source idea with banking. They used this idea in their latest banking software. All of these changes could be coming for Bank of America and Chase and, hopefully, it will be for the better.

Top Four Technologies That Will Make Bank of America and Chase Less Hated

Wells Fargo Clean Tech Could Come to Bank of American and Chase - http://clapway.com/2016/01/12/wells-fargo-clean-tech-could-come-to-bank-of-america-and-chase-123/

Wells Fargo is bringing in six more clean technology startups to join the Wells Fargo Innovation Incubator. The five-year, $10 million program looks to accelerate new technologies.

Wells Fargo Picked 4 Startups in 2015, Picks Up 6 More in 2016

It’s not two weeks into the year and Wells Fargo is already moving for better and cleaner technology. The initiative is funded by the Wells Fargo Foundation, and it is co-administered by the US Department of Energy National Renewable Energy Laboratory.

The program participants receive financial and technical consultation from a series of experts. They will also get research and testing support and the Laboratory’s facility in Golden, Colorado. Participating companies will have their technologies certified in the lab and will be working in certain Wells Fargo establishments.

The Companies Picked by Wells Fargo

7AC Technologies was picked among the six. They developed a liquid desiccant air conditioning technology. Their goal is to reduce electricity and potable water consumption around the world. Go Electric Inc makes meter energy solutions and provides renewable energy services. The also make advanced batteries and reduced energy generators. Heliotrope Technologies work on electrochromic devices to make low cost, energy saving smart windows.

NETenergy is a thermal energy storage company that brings together small commercial building air conditioning systems to change energy demand and consumption in low usage hours. Polyceed Inc makes high-tech smart materials. ThermoLift Inc makes natural-gas heat pumps and air conditioning to replace conventional heating, cooling and hot water equipment.

Will Bank of America and Chase Join the Efforts?

This program, according to NREL Innovation Entrepreneurship Center director Richard Adams wants to spread the development of clean energy and blanket as many industries as possible. Eventually, it will reach homes all over the world and stop climate change and global warming in its tracks.

Bank of America and Chase dedicate time and money on many causes, and this will probably soon be one of them. Clean energy is the new trend, starting with electric vehicles and moving onto autonomous driving and self-sufficient appliances. Chase has an Environmental Sustainability and JPMorgan Chase & Co. program and Bank of America is investing $125 billion into Transformational Financing. These programs will be making headlines throughout 2016 as clean technology takes over the mainstream.

https://www.youtube.com/watch?v=Do3yIFGcOsc

Wells Fargo Clean Tech Could Come to Bank of American and Chase