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Ten-Year Online & Mobile Banking Forecast and 2009 | Online Banking Report

Colin Henderson

Online Banker Report has just issued its latest and the topic is future based look at the next 10 years for online banking and mobile banking. Every year Jim and the team put together a review piece for the space the past year, and with predictions on usage patters for the next ten years. It is a must read for online banking professional in my view. New Online Banking Report Available: Ten-Year Online & Mobile Banking Forecast and 2009 The latest Online Banking Report: 2010 to 2019 Online & Mobile Banking Forecast is now available. The report includes our latest … Continue reading Ten-Year Online & Mobile Banking Forecast and 2009 | Online Banking Report

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The true meaning of innovation in financial services lies in the plumbing, not UI

Colin Henderson

This piece on internet and evolution of financial services has the best quote I have seen for some time. “these companies have merely built nice UI’s to Wall Street” How To Disrupt Wall Street | The Business Insider As I see it, these companies have merely built nice UI’s to Wall Street: Mint connects to your banks and Square to Visa and Mastercard and the bank that issued the credit card. If people at farmers’ markets use credit cards instead of cash, that means more money for Wall Street, not less. Brilliant. I take no issue with the likes of … Continue reading The true meaning of innovation in financial services lies in the plumbing, not UI

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Thoughts on p2p lending, risks and the future of the industry

Colin Henderson

In times of business renewal and especially following times of crisis it becomes easy to develop simple homely answers to problems. Mark Gimien falls into two traps, namely, coming up with a simple explanation that summarises a diverse set of peer-to-peer lending players, and that of a few simplistic anecdotes designed to explain a complex situation. Person-to-person lending is much riskier than you’ve been told | The Big Money – Slate Her credit rating is not bad. But then you lean back in your chair and wonder, “Wait a second! Why in heaven’s name would someone pay me this kind … Continue reading Thoughts on p2p lending, risks and the future of the industry

Economy, Japan

JAL imminent bankruptcy is yet another indication of a changing world economic landscape

Colin Henderson

I continue to be of the view that we are in the early stages of a revolutionary period and that the companys which survive will not be the ones that composed the DOW/ FTSE/ Nikkei indexes of the last 30 years. There is a shift occurring and the economic crisis is only a symptom, as global balances shift and move in ways we cannot even comprehend today. Anyhow, in related news, yet another bastion of the old economy is in dire straits. JAL (Japan Air Lines) began in 1951, first flew to San Francisco in 1954, and in 1987 became … Continue reading JAL imminent bankruptcy is yet another indication of a changing world economic landscape

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Bank tax, bonuses and unintended consequences

Colin Henderson

I was a little surprised to see the UK conservatives support a global bank tax. In any event the amount of the bonus at JP Morgan Chase caught my attention, so I took a look at their capital base. With tier 1 capital of $133 bn, the bonuses represent a significant 7% of capital. Ironically, the international tax will produce the unintended consequence of reducing capital even more., within the limitations of Basle. It is hard to see how a tax would improve governance and capital retention. Osborne to push for global bank levy George Osborne, shadow chancellor, said that … Continue reading Bank tax, bonuses and unintended consequences

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Biggest Contraction since 1921 | NIESR UK

Colin Henderson

This new piece of analysis from NIESR (UK) makes the point based on prior recessions, that 20 – 30 months are left, at a minimum, before we get close to where GDP was before this recession period began. This point gets lots when the only measurement that media speak of is the last quarters +/-. What matters is where we are relative to where we began, and there a long way to go. http://www.niesr.ac.uk/ Our monthly estimates of GDP suggest that output grew by 0.3 per cent in the three months ending in December, following on from a growth of … Continue reading Biggest Contraction since 1921 | NIESR UK

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On privacy and the new publicy | what is a bank to do?

Colin Henderson

There is a theme developing that we may all wish to consider and begin thinking about. It goes to to the core of what many/most believe but the challenge remains … coming, and it is coming fast. First this from Mark Zuckerberg in an interview with an unusually passive non-alpha Mike Arrington where he (Mark) indicates the notion of retaining information privately in Facebook is gone, and was a mistake to have thought about it that way from the beginning. See ReadWriteWeb for Marshals views. Crunchies Next is the ever thoughtful JP who has been pounding on the Facebookisation of … Continue reading On privacy and the new publicy | what is a bank to do?

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Big banks might move to Hong Kong | FT

Colin Henderson

I was listening to all the pundits making predictions for 2010 over the weekend and one struck me in particular. It was Chrystia Friedland US Managing Director of Financial Times on Fareed Zakaria GPS, and she predicted big banks moving their headquarters to Hong Kong, in response to regulation and taxes. It was a one liner comment, with no follow through, but there is no reason for an investment bank which can operate virtually not o optimise its HQ location. Interesting. One more point for the rise of emerging economies. Continue reading Big banks might move to Hong Kong | FT