Its been six months since I transitioned my blogs to Bankwatch, so thought I would take a look at my posting profile.  I felt I was getting shoe-horned into too many security and chip card posts, but turns out thats not the case at all.  Online Banking is dominating, and makes me thing that category might be too broad to be useful. Generally innovation, future concepts/ innovation, isn’t too bad, but could be higher.  But customer communications, marketing, and consumer trends should definitely be higher, because that drives everything, so expect more in those areas. Online Banking           … Continue reading Blog summary – June 2006

Interesting speech which provides a compelling argument that banks (in US) are missing an opportunity created by the massive influx of immigrants.  That group whose language and culture is not English, are distrustful, and perhaps afraid of Banks, and are seeking alternatives that US locals would not consider, such as cheque cashing outlets.  He uses the example of someone who earns US $12,000 per week doing just that. OCC Ombudsman Shares Insight on Leadership Opportunities in Financial Services My concern, rather, is the narrower one involving the future of the banking industry. I’m here to ask whether the industry to … Continue reading OCC Ombudsman Shares Insight on Leadership Opportunities in Financial Services

Loans and mortgages online have become fairly standard, even though not that well done yet.  Yet deposits are the core of banking, and accounts are a cheap form of funding. GonzoBanker – Article Now, many banks are starting to eye the opportunity to sell and open more deposit accounts on the Web. For some, the thought is that niche products (money market, high-rate CDs) can be sold nationally without the need for brick and mortar. ING, NetBank and E*TRADE FINANCIAL have all been very successful with this strategy – ING has raised over $40 billion (uh huh, with a “B”) … Continue reading Online account opening – an idea whose time has come