Some find banking somewhat boring as it lacks the exciting potential of a biotech company that is working on a cure for cancer or a semiconductor company pushing the technology envelope.
However, there is a new technology that promises to transform the consumer end of banking in terms of mobile banking and payment systems. 30 Comments Even with sluggish global growth and a double-dip recession forming at home, expanding mobile trends will continue. Even homeless people are walking around with smart phones these days.
Big tech companies that missed the boat see the writing on the wall, too, and are scrambling to secure a position in the mobile computing market. Some are selling off legacy lines of business and changing their focus. Right now, we are in the early stages of an epic transformation in how we use computers. The first three decades of growth in personal computing were concentrated on the desktop or its more mobile variant, the notebook. Those that invested in the Intels and Dells during the early phases of the PC boom made fortunes. Even thought the economy is sluggish, there are sectors that boom by benefiting from breakthrough technology that generate consumer demand.
The creation of transformational technologies on mobile platforms and the resulting growth of wireless data networks provides an example of a sector poised to boom. | Mike FarrellFormer rocket engineer and management consulant undergoing a "reset" to generate multiple income streams. 
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