Prosper Kicks Off Nationwide Lending with New Slogan and TV/Radio Advertising (NetBanker) Prosper introduces their new tag line tags: clblog, prosper “Let’s bank on each other,” The Facebook Effect – Harvard Business Online’s Umair Haque tags: umair haque, the facebook effect Here’s the simple version. Facebook wanted to rule the world; to dominate it; to be the next Microsoft. That’s not revolution – it’s just strategic fascism. Continue reading things I read yesterday … 05/08/2008

Here Comes the P2P Economy – Harvard Business Online’s Conversation Starter Just located the entire HBR article online with no subscription required tags: harvard business review, clblog, HBR, p2p It is only a matter of time before these digital systems close the arbitrage enjoyed by large banks, which lend at up to 15% interest but pay only about 5% on capital. Why do business with a bank when your network’s lending and savings interest rates are both 7%? To grasp the power of such a system, imagine your local credit union with the membership and social networking capabilities of MySpace. Continue reading things I read yesterday … 05/07/2008

Aneace’s Blog: Eight predictions on the impact of SEPA – Annotated tags: aneace, SEPA, FirstData First Data’s John Chaplin, speaking at the Digital Money Forum in London, makes eight predictions on the impact of SEPA. Continue reading things I read yesterday … 04/25/2008

Where either a lender or borrower can be | WSJ – Annotated Instead, the 31-year-old from Schaumburg, Ill., recently borrowed $22,500 on Prosper.com, an online lending network that matches individual borrowers and lenders. The interest rate on Mr. Walsh’s loan: 10.25% — several percentage points below what he says he would have had to pay at a bank. tags: wsjblog, clblog Instead, the 31-year-old from Schaumburg, Ill., recently borrowed $22,500 on Prosper.com, an online lending network that matches individual borrowers and lenders. The interest rate on Mr. Walsh’s loan: 10.25% — several percentage points below what he says he would … Continue reading things I read yesterday … 04/24/2008

P2P-Banking.com Blog » Does ABN Amro Bank offer p2p lending? – Annotated tags: clblog, ABNAmbro So what is ABN Amro offering? P2P lending? Continue reading things I read yesterday … 04/23/2008

Twitter: grabbing defeat from the jaws of success « Scobleizer — Tech geek blogger – Annotated tags: twitter, friendfeed, scalability, reliability Why is FriendFeed seeing this growth? Well, for one, it hasn’t gone down since I’ve joined it. It was built from the start to scale, which after I met the team I understood why: two of the founders of FriendFeed started Gmail and Google Maps, so I’m sure they’ve learned a few tricks about making sure services don’t go down from Google Continue reading things I read yesterday … 04/22/2008

The 10 Inventions That Most Changed Retail Banking – Annotated This post is remarkable, because it highlights how, in reality, technology is slow to move from invention to implementation. tags: banking history, inventions Here are some of the influential technologies and inventions which have each in their own way revolutionised the retail banking business in the last 1000 years. Money, guarantees and loans have been around for the millennium. I looked for something new, and didn’t really see any change between the Crusades and and the 19th century. The first entry could also be argued to have existed then too. … Continue reading things I read yesterday … 04/21/2008

New Online Direct Bank: OnBank from M&T (NetBanker) – Annotated NetBanker: “the google standard” tags: netbanker, onbank OnBank passes our strict 25-word homepage standard, joining ING Direct, EmigrantDirect on the short list of financial institutions with Google-like clarity on their home page. Payments News: Next Week’s Digital Money Forum in London – April 17, 2008 – Annotated Looking foward to sitting in with this illustrious group, and seeing where the conversation goes. tags: digitalmoneyforum2008, payments, london [Glenbrook’s Scott Loftesness writes…] At Dave Birch‘s invitation, I’ll be heading to London on Monday for next week’s 11th annual Digital Money Forum on … Continue reading things I read yesterday … 04/18/2008

Javelin Strategy and Research » Riverside residents recommend social lending Web sites – Annotated tags: social lending, p2p lending, javelin, clblog While the sites are not yet grabbing huge chunks of business from traditional banks, Javelin projects that the demand for social lending services to pay off credit card debt could grow from $38 billion in 2007 to $159 billion by 2012. P2P-Banking.com Blog » Cashare launches first p2p lending service in Switzerland – Annotated tags: p2p-banking.com, social, lending, switzerland, cashare Swiss Cashare.ch recently launched as the first p2p lending platform in Switzerland. The company, owned by Michael Borter (link … Continue reading things I read yesterday … 04/15/2008

5 Ways To Lend Money Online  Annotated tags: p2p lending, clblog With the United States’ economy flirting with the word “recession”, people are looking to get out of debt. Banks aren’t always eager to give out loans for things like paying off a credit card, and this situation has given rise to social lending. Some sites let you collect interest as the lender, and some simply give you the opportunity to help someone out. If you’re interested in lending money online, we’ve got five such services for you to look at. Continue reading things I read yesterday … 04/08/2008