Great quote! Stephanie is always worth reading, but the summary of Stowe’s Reboot presentation is outstanding. True to form, I have to read someone elses post to get Stowes point :-). First off, my immediate reaction is to look askance at the concepts outlined, e.g., “new kind of consciousness”, “how are brains changing”, “learned state of consciousness” etc. Stowe’s comments are all about Gladwell’s ‘Blink’ argument, that by allowing your brain to absorb many things at once, you can free your mind to see new patterns, and systems that you would not otherwise see, if you remain focussed on one … Continue reading “The world is more like an ER than a supermarket checkout”

This article reminds us that Banks actually do decent traffic online. I was in a session today where Jim from Craigslist spoke of their 7 Bn page view volume, and here we have HSBC too hitting decent volumes. Online sales at HSBC increased by 55% in 2006 as more personal and business customers tuned into the benefits of banking on the Web. The uplift in online sales was divulged by Michael Geoghegan, group chief executive at the bank’s annual general meeting. In total the bank’s Websites handled 1.8 billion visits in 2006, he said. Continue reading Online Banking produces large volumes of activity

Jim continues to keep Online Banking Report focussed on the newest and latest trends in our industry. I look forward to this report due out next week, and we’ll talk about it then. I am a huge fan of Wesabe in particular, and believe they are making new tracks in financial services. Our next Online Banking Report, Social Personal Finance, will look at the entire sector. You’ll find it here next week. It will include a detailed look at Wesabe and Lending Club, which is catering entirely to Facebook users (see post here), and what banks should do to compete … Continue reading Online Banking Report | Social Personal Finance … coming nest week

I have to call foul on this headline: BMO banks on Web 2.0 The article on ITbusiness.ca, refers to a use of software from Open Text, for a perfectly legitimate and no doubt smart application. I have just finished two days at MESH and the predominant theme for me, was communities and credibility. I will be posting on that separately, but I had to highlight this headline, as doing both the Web 2.0 movement, and BMO a disservice. One a simpler level, its just wrong, and might have people believe another box can be ticked off, and that is just … Continue reading Spin about Web 2.0 will hurt Banks