Shaping the future of finance
On the back of the PayPal party, we had a great meeting last night at the British Embassy in Vienna, Austria. It was a lavish affair, with over 100 guests networking and talking with Ambassadors and dignitaries from across the Central & Eastern European area. The evening was targeted towards financial services organisations, and leading…
I've blogged a few times about M-Pesa. The first time was in late 2007, when Citibank did a deal to roll the M-Pesa model worldwide for remittances. Then again in 2008, when Royal Bank of Scotland (RBS) announced the idea of a business model based upon being an MBNO, a Mobile Banking Network Operator. The idea of the latter…
I've blogged a few times about M-Pesa. The first time was in late 2007, when Citibank did a deal to roll the M-Pesa model worldwide for remittances. Then again in 2008, when Royal Bank of Scotland (RBS) announced the idea of a business model based upon being an MBNO, a Mobile Banking Network Operator. The idea of the latter…
The leaders of the UK banks are meeting Gordon Brown and his chaps at for lunch at Chequers today. How nice. Not sure what they could be talking about, although a spokesman said the weekend meeting was just a "long-standing lunch" commitment, don't believe a word of it. Equally, although Mr. Brown ruled out another…
One of my most hated words in business use is 'paradigm'. I can't stand the word ever since 'paradigm shift' became the most over-used phrase in bingo words, along with 'value-add', 'benchmark' and 'think outside the box'. The very word 'paradigm' sends shivers down my spine. "Paradigm: a model that forms the basis of something"….
One of my most hated words in business use is 'paradigm'. I can't stand the word ever since 'paradigm shift' became the most over-used phrase in bingo words, along with 'value-add', 'benchmark' and 'think outside the box'. The very word 'paradigm' sends shivers down my spine. "Paradigm: a model that forms the basis of something"….
The FSA has just introduced new rules which will cost UK banks £1 billion to implement in IT system upgrades. The actual announcement from the FSA states that bank customers should be compensated within seven days if a bank fails. This should be for the gross amount, up to £50,000, ignoring any debts the depositor…
I found a whole range of technology predictions for 2009. One of the best general forecasts comes from Gartner, who say that the top ten technology areas to focus upon during an economic crisis are: 1. Reduce headcount or freeze hiring2. Renegotiate with technology and service providers3. Curtail data center expansion, virtualize assets and lease…
