It’s been nice having a break, and feeling like the banking system isn’t the only thing I care aobut in this world. Nevertheless, the eye wasn’t completely off the ball as several grumblings and mumblings have been taking place during the last two weeks. The obvious and biggest story being the need to sort out…
The word ‘disruptive’ is being bandied about liberally in the debate about new competitors, such as Zopa. First, as I’ve said before, banks don’t really have any competition except between the incumbents, due to the structure of the industry. Second, where there are openings, then disruptive new players may find a way to find a…
The word ‘disruptive’ is being bandied about liberally in the debate about new competitors, such as Zopa. First, as I’ve said before, banks don’t really have any competition except between the incumbents, due to the structure of the industry. Second, where there are openings, then disruptive new players may find a way to find a…
In the fourth of a series about innovation in banking, it’s worth looking at the business models of the new entrants who are trying to disrupt this space and pose the question: are they sustainable? Zopa, Prosper, SmartyPig, Wonga, Mint, Wesabe and the many other new entrants into finance hoping to leverage the promise of…
In the fourth of a series about innovation in banking, it’s worth looking at the business models of the new entrants who are trying to disrupt this space and pose the question: are they sustainable? Zopa, Prosper, SmartyPig, Wonga, Mint, Wesabe and the many other new entrants into finance hoping to leverage the promise of…
Over the past few weeks, I've been posting a blog each week about social networking themes in the build up to the big bank tradeshow, SIBOS. First, I argued that banks don't innovate, and then I put forward the reasons why social networks are relevant to banks. Nevertheless, although I regularly blog about social networks…
The UK banks announce their half year results this week (results are provided at the end of this entry, as they are released). And the results look good. Not great, but good. This follows on the US banks second quarter results, with Goldman Sachs reporting record profits that were twice as good as expected, and…
