Finance expert Mike Periu discusses the decrease in popularity of traditional bank accounts as payment alternatives have evolved as Financial Services.
Technological advances and changes in consumer behavior have effectively taken away the banking sectors dominance in the provision of many financial services. There are millions of households in the U.S. who don’t have traditional bank accounts. This has generally been seen as a problem with efforts focused on making them “banked”.
But now the thinking on the solution to the problem may be changing, as many consumers that could have a bank account are choosing to forgo them given the number of alternatives available. Prepaid debit cards, PayPal, retailer accounts like iTunes and Starbucks, P2P lenders and layaway programs are just some of the examples of solutions that exist today that have been proven stable and don’t require a bank account.
Learn more at Banking4Tomorrow.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
