This Hot Technology Is Not a Threat to Bank of America Corp and Wells Fargo

"Wearable technology" is the talk of Silicon Valley, but even some bankers believe the technology is on its way to "disrupt" banks -- like Bank of America and Wells Fargo. Should these banks really fear such a nascent technology? In this segment of "Where the Money Is" we look at a few Tweets about the financial sector, including this one about a potentially disruptive new payment technology. Will a change in the way we pay for goods and services undermine banks, or complement the services they offer now?

In the following video, Motley Fool banking analysts David Hanson and Tyler Riggs discuss wearable payment and what it might mean for traditional financial institutions.

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David Hanson

David has been with The Motley Fool since 2013. He is a graduate of the University of Miami. Follow David on Twitter for all things finance, marketing, and investing.

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