Shaping the future of finance
Building upon the discussions about personalisation and virtualisation, these are important. In fact, as I’ve mentioned before, personalised, virtualised in real-time on my mobile is PFM-squared (does any of that last sentence make any sense?). So then I was recently asked to address a conference with a mix of banks from all sectors, and to give…
If you didn't think there was a payments revolution taking place, then think again as dealmaking websites like Groupon, Living Social and Huddlebuy have been pushing payments systems. It makes startling and notable change when you see consumer-based services pushing merchant and business based services at low cost. First there was my free deal for…
If you didn't think there was a payments revolution taking place, then think again as dealmaking websites like Groupon, Living Social and Huddlebuy have been pushing payments systems. It makes startling and notable change when you see consumer-based services pushing merchant and business based services at low cost. First there was my free deal for…
I’ve blogged and presented about this subject many times before, so rather than repeating all that, here’s a summation with a new twist. Money is meaningless because we no longer deal in money. When we use the word money, most of us would envisage some brand new shiny, crisp notes coming out of a cash machine,…
I've worked for American firms during my main working life, just as we saw the rise of political correctness (PC) and the PC-police. It got to the stage where you couldn't even say "I like your new hairstyle", without falling foul of the PC-police (I know, as one of my male colleagues in Chicago got…
I've worked for American firms during my main working life, just as we saw the rise of political correctness (PC) and the PC-police. It got to the stage where you couldn't even say "I like your new hairstyle", without falling foul of the PC-police (I know, as one of my male colleagues in Chicago got…
The European Central Bank (ECB) has just issued a report on Virtual Currency Schemes, with case studies on Second Life and Bitcoin (both previously covered in depth here). In the report, the ECB calls Bitcoin “the most successful — and probably most controversial — virtual currency scheme to date.” The ECB goes on to say that the…
