Although I said yesterday that I struggle with banks being disintermediated, I did leave out one critical point. Many things have appeared in the banking world during my time, and been tried and dismissed. Biometrics has been long discussed for authentication, but is yet to be seen. The end of the branch has been long…
Building on yesterday’s theme, I struggle when people (including myself, I must admit) shout out that banks are going to be disintermediated, I struggle when someone starts shouting out that Google, Facebook or Amazon will replace banks. I struggle even more when rebels state that bitcoin is the future and down with the capitalists. Maybe…
Building on yesterday’s theme, I struggle when people (including myself, I must admit) shout out that banks are going to be disintermediated, I struggle when someone starts shouting out that Google, Facebook or Amazon will replace banks. I struggle even more when rebels state that bitcoin is the future and down with the capitalists. Maybe…
Forrester just produced a report about why Google will not become a bank, but will focus upon leveraging their information services around transactions. It’s an interesting viewpoint and one I agree with. As blogged here regularly, Google is unlikely to ever become a bank. They would lose too many friends. But Google will become an…
Forrester just produced a report about why Google will not become a bank, but will focus upon leveraging their information services around transactions. It’s an interesting viewpoint and one I agree with. As blogged here regularly, Google is unlikely to ever become a bank. They would lose too many friends. But Google will become an…
After outlining the four main buckets of risk that banks have to tame: market, credit, liquidity and operational; the real issue is the bank’s structure. Historically, banks have been built in product silos and hence there is no sense of enterprise risk. The retail and commercial bank secures funding through the investment bank, but none…
