With $50 million in funding, and some credible career financial people on the team, this company is a serious contender in the payments, and online credit card space. Revolution Money Exchange MoneyExchange is an easy and secure way to exchange money with another MoneyExchange accountholder. RevolutionCard Welcome to the future of credit cards. RevolutionCard does it all. * Safeguards against identity theft * Competitive APRs * No annual fee Safety first. And second. RevolutionCard is PIN-based. You won’t find your name or account number anywhere on it – and neither will anyone else. Technorati Tags: revolution+money Continue reading Revolution Money

The direction of social networks and the application web are of interest to me. Why? I believe the social web could be of extreme value, but only if it is of value to us all. People join social networks and get value from them, but don’t pay for it. There is no business model, and the assumption everyone leaps to is advertising. Yet people are flocking to FaceBook, so there is something compelling there. With regard to business model, marketers continue to try to gain access to social networks, and when FaceBook opened themselves up as an application platform (F8) … Continue reading Social networks, the application web and Banking

This is a rather contradictory piece, and indicative of how useless these surveys are now. Finextra: Generations clash over bank channel preferences US bank customers under the age of 34 prefer the anonymity of banking by laptop to the in-person branch banking experience, according to a survey conducted by the American Bankers Association.…. Edward Yingling, ABA president and CEO, comments: “We are continuing tofind that while our younger consumers feel comfortable banking fromtheir laptops, traditional services are still preferred by many. Thisis why banks are trying to offer a variety of banking options in orderto meet all of their customers’ … Continue reading Online Banking surveys are more and more useless, and self serving

In a remarkable next step in the US Sub Prime fiasco, the French Bank, BNP has taken the unheard of step, of freezing related investment funds. This means that those funds cannot be redeemed, and immediately has the effect of removing liquidity. Paris shares down midday on profit-taking, BNP fund woes – Forbes.com The funds — Parvest Dynamic ABS, BNP Paribas ABS Euribor and BNP Paribas ABS Eonia — will accept no redemptions or subscriptions until further notice, BNP said. BNP Paribas Investment Partners said the lack of liquidity means it can no longer calculate the fair value of the … Continue reading BNP fund woes take the US Sub Prime market international

Yes things have been quiet, but I’m still here. Something came up. I will be back next after Aug 7th +/- …. Continue reading Temporarily off the air ….

I got to this book thanks to JP. This paragraph from the summary resonates well. In short, this important book traces the rise of the managerial concept of risk and the different logics and values which underpin it, showing that it has much less to do with real dangers and opportunities than might be thought, and more to do with organizational accountability and legitimacy. Banks use risk as a front for too many things, beyond traditional financial risk. But that quote might tell us why … if your job is to manage something, beyond traditional financial risk, such as brand, … Continue reading ‘Organised Uncertainty’ | Banks risk aversion driven by organisation

This site has been bothering me .. .. .. in a good way. It makes me reflect on what a Bank might look like in 20 years time. Moneysupermarket.com Maybe what we need to do is consider what that future Bank might look like, and then we can work back from there. This is what I am thinking about now …. what does Bank_2027 look like? More to come ….. and input welcome. Perhaps together we can sort out some concepts. Continue reading Bank 2027