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Numbers

Digital wallets will process all the money on earth by 2025

Another presentation that surprised me in Oslo came from Tor Jacobsen, CEO of TSM Nordic. It surprised me as I had no idea about TSM, a mobile wallet provider owned by Telenor and DNB – Norway’s biggest mobile network operator (MNO) and biggest bank – and will launch in the Norwegian market later this year…

Global-mobile-wallet-market

Black Friday means Billions

There are two Americanisms that are slipping into common lingo over here these days: Black Friday and Cyber Monday. They’re all to do with shopping around Thanksgiving and the build up to Christmas. Thanksgiving is the fourth Thursday of November, and is the day that Americans give thanks for their harvest.  It is rooted in…

Black Friday

SWIFT commission a payments report from BCG

Just got a note from SWIFT today about a  new publication they’ve commissioned with BCG (Boston Consulting Group) into World Payments. Seems a bit strange as McKinsey and CapGemini already product great reports in this space. I don’t mind having another one though, especially as the results have been verified by the SWIFT network, so all numbers…

Exhibit 1

Mobile payments gorillas are already out there

It’s getting crowded out there in the mobile payments space. After years of inactivity, everyone’s woken up to the opportunities out there, not the least PayPal. PayPal did nothing in mobile through the 2000s, and I worried they were missing a huge opportunity to grow their business.  In fact, being close to the UK PayPal…

Mobile payments gorillas are already out there

It’s getting crowded out there in the mobile payments space. After years of inactivity, everyone’s woken up to the opportunities out there, not the least PayPal. PayPal did nothing in mobile through the 2000s, and I worried they were missing a huge opportunity to grow their business.  In fact, being close to the UK PayPal…

Using big data to trace money laundering and fraud

Talking of interesting surveys, I received another one recently about money laundering. This survey was performed by Veris, who interviewed almost 300 senior Anti-Money Laundering (AML) and compliance executives across 46 countries. Interesting findings: 61% of survey respondents cite an increase in board involvement in monitoring anti money laundering (AML) activities 66% of survey respondents…

Using big data to trace money laundering and fraud

Talking of interesting surveys, I received another one recently about money laundering. This survey was performed by Veris, who interviewed almost 300 senior Anti-Money Laundering (AML) and compliance executives across 46 countries. Interesting findings: 61% of survey respondents cite an increase in board involvement in monitoring anti money laundering (AML) activities 66% of survey respondents…

What is a secure data vault and should a bank be one?

I gave a presentation the other day and, as usual, concluded that banks should position themselves as data vaults.  One person then asked: what data should a bank make secure? which is a good question to ask, as it led to a healthy debate and improvement of clarity of view. Today, we produce exabytes of…

Data

What is a secure data vault and should a bank be one?

I gave a presentation the other day and, as usual, concluded that banks should position themselves as data vaults.  One person then asked: what data should a bank make secure? which is a good question to ask, as it led to a healthy debate and improvement of clarity of view. Today, we produce exabytes of…

Data

As banks cut lifeline, will remittance alternatives emerge?

The three blog entries on this subject so far: The African bank crisis and remittances More on Africa, Somalia, remittances, Barclays and HSBC Banks should not be political pawns has stirred up a lot of interest.  In particular, Mondata, an American consulting firm on mobile finance, has written a fascinating insight on the subject including…

Remittance

Intelligent Money: Our Future Is Where We Do Not Think About Money, As Our Money Thinks For Us

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