In usual form, Jim cuts right to the chase with some stats that simply prove what I believe to be the case that Facebook is first a foremost a social network, not an advertising network.  That is no comment on Facebooks business model.  I simply question that merely because young people are your target market, that you can stuff traditional interruptive marketing techniques into FB, and they will work.  Jim’s analysis proves that out. NetbankerOverall, the banking and personal finance apps have anemic usage levels totaling just 263 daily users (for apps with more than 1 daily user). That does … Continue reading Bank advertising doesn’t work in Facebook

Umair’s blog is one I just came across recently.  He is provocative, thoughtful, and insightful. This post is layered with insights, that will take me days to unravel, but Banks ought to take note of this quote “Goople findsvalue chains and industries in deep strategy decay …. “.  Banks are in strategy decay, so they are vulnerable.  It doesn’t have to be from Google, and thats not my point.  My point is that they are vulnerable to alternative strategies.  Edge Economy – Umair And that DNA opens new paths to strategy and advantage. Google finds value chains and industries in … Continue reading Google finds value chains and industries in deep strategy decay

In a piace entitled, ‘The Financial Sector returns to Earth’, The Economist manages to capture the current banking environment nicely.  From 1982 to 2000, a balanced portfolio of 60% stocks, 35% bonds and 5% cash delivered average real returns of 14.3%, according to BCA, compared with an average of 3.4% during the preceding 80 years. Fund-management groups and the trading desks of investment banks both benefited from this strong environment. While the article falls short of suggesting an all out crisis, it does suggest that things have changed from what we have seen over the last 25 years.  However, he … Continue reading Banking might just be going back to being boring