An Open Challenge to Silicon Valley – Harvard Business Online’s Umair Haque tags: umair, haque, web2.0 But today’s revolutionaries are sheep in wolves’ clothing. They’re lost in the economically meaningless, in the utterly trivial, in the strategically banal: mostly, they’re cutting deals with one another to…try and sell more ads. That is, when they’re not too busy partying. . Continue reading things I read yesterday … 05/15/2008
Jim at Netbanker does a good job of analysing BofA mobile banking activity and makes the point that while apparently ‘anemic’ the results are not bad. I still believe that mobile banking can be so much more, than replication of ATM/ online banking services. Click through for the full analysis. Mobile Banking Uptake: Bank of America Closing in on 1 million Mobile Users (NetBanker) But according to M:Metrics, less than 14% of U.S. mobile phone users accessed info via the mobile web in February. So 4% of a 14% universe is much more impressive, indicating the bank has tapped almost … Continue reading BofA mobile banking results analysis | Netbanker
BofA offerred this service first in 2005, and the results have been good for the customers involved. Finextra: Bank of America says Keep the Change customers have saved over $1bn Who said a little change doesn’t add up? In just a little more than two years, Bank of America’s Keep the Change savings program has helped its customers save more than one billion dollars in customer round-ups and bank-matching funds, the bank announced today. Since the program was launched, these customers have accumulated approximately $10 billion in savings, including the $1 billion in customer round-ups and bank-matching funds. Continue reading Bank of America says Keep the Change customers have saved over $1bn
FT.com / Companies / Media & internet – Google joins assault on social network barriers tags: ft.com Google’s initiative, known as Google Friend Connect, involves software tools that any website can use to add networking capabilities. Visitors to sites that build in this feature will be able to link data automatically from their social networking profiles to applications on the sites. That would make it possible to see what activities other members of a person’s network have undertaken on an unrelated site, or to interact with them. Continue reading things I read yesterday … 05/14/2008
Celent and others continue to tout mobile banking as the next big thing. Mobile is certainly big but its not clear that Banks have figured out the mobile banking model. It cannot be simply sticking online banking into a phone. Finextra: M-banking set to grow in Western Europe – Celent New research from Celent predicts that adoption of mobile banking is set to increase rapidly in the major markets in Western Europe over the next two years as banks look to take advantage of improvements in technology to provide new services. The study covered five Western European countries – Germany, … Continue reading m-Banking | Celent report
Twitter / Robert Scoble: @dtan just reported an eart… Scoble | First report this morning in North America on the China earthquake. tags: scoble, dtan @dtan just reported an earthquake in Beijing. Wonder how large it is? Off to check out USGS site. Continue reading things I read yesterday … 05/13/2008
FT.com / Companies / Financial services – Citigroup considers $400bn asset sale tags: no_tag Citigroup will on Friday identify as much as $400bn in non-core assets that could be sold as part of plans to reduce costs and restore profit growth to double-digit rates, according to people close to the situation. FT.com / World – Inflation threat to world economy, IMF says tags: ft.com, clblog Global inflation has re-emerged as a major threat to the world economy, the International Monetary Fund said on Thursday in a stark warning that marked an abrupt change of tone from its emphasis on the … Continue reading things I read yesterday … 05/09/2008
I am surprised to read this on a marketing blog in 2008. Conversations happen everywhere. To my simple mind the issue is not that the stock price event occurred … the issue is how the branch dealt with it. If there is a TV in the branch, the staff need to be aware, the PR dept need to be aware. Staff can chat with the customers about it …. this is the new world. Not the sanitised version outlined in the 2nd paragraph quoted below [strikethrough emphasis mine 🙂 ] The Story » Blog Archive » Know how to use … Continue reading How not to listen to marketing advice
There is a fascinating, though apparently esoteric debate going on in Banking circles. It is worth understanding the high level points though because it actually matters to bank employees, vendors, and bank customers. Libor (London Interbank Offerred Rate) is set daily, and represents the rate that banks will lend money to each other on the money market. It is one means of managing liquidity for Banks. Lately this rate has been much higher than expected and than historic rates. The going assumption was that Banks were afraid to lend to each other since the credit crisis due to inadequate risk … Continue reading LIBOR and why it matters | risk that any bank could face a run on its deposits
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
