Future

Jul 12, 2011

Massive innovations in payments … not?

Just been through a meeting on payments and all areas of payments from SEPA to Basel III, corporates and trade, risk and liquidity, innovation and change and more. My role was to talk about all things that I see as innovative in payments right now. That’s a long list and so, in the interests of…

Jul 5, 2011

How Facebook Credits could replace traditional banking

I just made a comment this week about Facebook Credits being bigger than Amazon by 2020. This was on the back of my favourite stories about Zynga becoming the biggest PayPal merchant in under a year on the back of Facebook games, and how QQ and Second Life currencies have been examples of how virtual currencies can…

Jul 5, 2011

How Facebook Credits could replace traditional banking

Jun 30, 2011

How banks can beat the telco’s at the mobile game

In the 1990s, I spent a long time studying bank trends and the future strategies banks and other would take. The conclusion I came to is that there would be a general cross-industry bank trend, where non-banks would enter banking and, in order to get banking skills, would acquire banks. The end-game would be that…

Jun 15, 2011

Why innovation is so difficult in banks

I said yesterday that the other topic that keeps coming up is innovation. Innovation is something that comes and goes in banking like Chief Executives and Heads of Risk … as in it appears and disappears pretty often. During the build up to the financial crisis, innovation was everywhere. Then it disappeared for a while….

Jun 15, 2011

Why innovation is so difficult in banks

May 23, 2011

New Media versus The Law

I’ve written about the end of privacy before, but now the big news in the UK is that privacy is a joke. There is no such thing. For example, we had a court of law here that could implement superinjunctions to stop the media leaking information about people’s private lives. Major stars of media, sport…

Apr 5, 2011

Why banks should worry about Google, Apple, Facebook …

I've talked for a while about: money being meaningless, as data is now key; the battle over information, and how information warfare is the new game; the fact that banks should move from being safekeepers of money to being safekeepers of data; and so on and so forth. So when I read Venessa Miemis's article…

Apr 4, 2011

Stéphane Garelli on the future economic outlook

I recently attended a conference where I interviewed lots of the keynote speakers for a vidvertisement … or whatever you call it. Anyways, the interviews are timely, relevant and pertinent to the readers of the blog, so I’m reposting a select few here. The first is Stéphane Garelli. If you don’t know him, Stéphane Garelli…

Mar 30, 2011

Banks will absolutely be disintermediated

OK, so I said that banks would absolutely not be disintermediated last week, and it sparked some interesting debate and dialogue. A few folks were incredulous that I could say this; others thought it made eminent sense; some noted that the movement of money could be disintermediated, but the holding of money could not; whilst…