Riedl’s experience in advising hundreds of financial institutions around the world will be instrumental in the continued expansion of GlobeOne’s financial institution network as well as leading the company’s day-to-day global product development and technology strategy.
Working with a network of banks worldwide, the GlobeOne mobile platform will provide an easy, engaging and intuitive suite of financial services supported by its Member Banks.
Services will include paperless checking, a security savings account, a line of credit, domestic and international transfers between GlobeOne Individual Members, and an evolutionary global sharing-economy based model called SocialBoost™. GlobeOne Member Banks charge a flat monthly fee based on purchasing power parity per country, ranging from $2.95 USD to $9.95 USD.
According to the World Bank, three quarters of the world’s poor – or more than 2.5 billion people – don’t have a bank account, not only because of poverty, but the cost, travel distance and amount of paperwork involved in opening an account. The advent of mobile technology can obviate such obstacles.
GlobeOne’s other market is the millennials who increasingly factor in the social contributions of financial institutions when choosing their own financial provider.
"GlobeOne means to meet the aspirations of both the underserved and millennials, improving their lives while changing the view of the world about what is possible," says Riedl. "I’m thrilled to have this opportunity, after 35 years of helping financial leaders create strategic, operational, and technology successes. I look forward to deploying GlobeOne’s evolutionary, socially-oriented business model, as the time is ripe for the industry to extend financial inclusion and access around the world via technology innovations."
Riedl founded Atlanta-based Bank Solutions Group in 2012, which quickly became a successful and recognized global leader, helping financial institutions thrive in a difficult business and financial climate through strategic and technological breakthroughs.
Riedl developed and led consulting practices in strategy and business planning, leadership and management development, de novo business creation, governance, joint ventures, and performance and profitability improvement. He was previously CEO of Speer and Associates, financial services industry consultants.
