Payments News: Treating Payments As A Business Line – December 13, 2006


PaymentsNews refers to a new Tower Group report on why Payments ought to be treated as a business line.  What’s turning payments into a business is competition,” said Kerr. “Managing current customers, while fending off challenges from increasingly vertically integrated competition, is forcing banks to construct business cases for their payments products, rather than considering them as utilities that are parts of larger deals. Source: Payments News: Treating Payments As A Business Line – December 13, 2006 I have been wrestling with this one for 3 years now, and a lightbulb just went off recently.  Its simple … payments should be … Continue reading Payments News: Treating Payments As A Business Line – December 13, 2006

Wells wins investor day, with BofA a close second


If I read ‘managing for growth’ one more time, I will vomit.  With that out of the way, I did the 2 minutes per deck review of the banks presentations, ignoring the CAGR projections, which are all highly positive, and of course the investors want to see that, so the Banks give them that. No…..  I looked for hooks;  strategic levers that could/ should catch the jaded investing community, and would suggest signals that the Bank gets it, and is trying to outpace the pack. Here are my findings, with conclusions to follow: Wachovia customer service (#1, except they omitted … Continue reading Wells wins investor day, with BofA a close second

Payments News: Bank CEO Investor Presentations – December 13, 2006


 Thanks to PaymentsNews for these invaluable links for presentations to Investors. Bank of America – Ken Lewis, CEO US Bank – Richard Davies, President and CEO Designate Wachovia – Ken Thompson, CEO Washington Mutual – Kerry Killinger Wells Fargo – Dick Kovacevich, CEO Source: Payments News: Bank CEO Investor Presentations – December 13, 2006   Technorati tags: banking+strategy, US Continue reading Payments News: Bank CEO Investor Presentations – December 13, 2006

le web 3 – perhaps some are getting a little too serious


 This post from Hugh is a balanced sensible view of the conference, that many are saying was taken over by politics. Stowe has some the nitty gritty here. First of all you are in France, so get over it …. have you forgotten that France wanted to create a French only internet, to create a French competitor to Google, etc etc.  You have to love/ hate the French, and its all perfectly ok.  Ces’t la vie.  This is the country that opted out of NATO.  But they have character, and I will still seek France out, not avoid it. So, … Continue reading le web 3 – perhaps some are getting a little too serious

Tech news sources – reference


Robert happened to make reference tonight to tech new sources, and its a handy list if you are looking for the latest and best sources. Digg/Tech Slashdot TechMeme My Link Blog TailRank Reddit Google/Tech News Techcrunch And the old one, that has not reacted to the intelligence and customisations the others bring. CNET’s News.com Technorati tags: technology+news Continue reading Tech news sources – reference

The most important thing for start ups – a great product


 While StumbleUpon is not my favourite application, this is a great interview with the founder, and this quote is right on the mark.  In fact the concept, as simple as it sounds applies to everything including anything new that banks kick off.  What’s the point unless it is something that matters, and is a great product. Allen: What are the most important things that a startup must have to be successful? Garrett: A great product is absolutely the most important thing–there’s just no getting around that. That may seem obvious, but I think there are a lot of startups out … Continue reading The most important thing for start ups – a great product

Prosper releases new API tools


 Thanks to David for pointing out this new feature at Prosper.  These API’s provide download of detailed data on statistical information at the site.  This is a very positive thing, and will encourage Groups as well as external sites to provide value added analysis.  Build graphs and trends of listing rates Use bidding patterns to determine the best lending strategies Compare groups using your own research # Create a loan portfolio analysis tool Monitor changes to the marketplace over time Explore our dynamic marketplace offline using your own tools Source: Tools – Prosper While this sounds technical, in reality it … Continue reading Prosper releases new API tools

Broadband in 78% of internet homes


 I recall four years ago debating the impact of broadband and home networks and getting strange looks from people.  Well it is now reality, the debate is finished.  Always-on is a new mindset … internet is a utility that is there when you need it. The 78 percent broadband penetration rate for U.S. homes represents a jump from 65 percent a year earlier, Nielsen/NetRatings found. The research company said broadband users spent 33 percent more time online than dial-up users – nearly 35 hours for the month, compared with 26 hours and some change for dial-up. Broadband users also viewed twice … Continue reading Broadband in 78% of internet homes

Prosper loan analysis suggests importance of qualitative assessment – people matter!


I have been thinking and listening about P2P/ social lending, and wondering exactly what is the outcome and to relate that to traditional banking. I took the first seven loans from Prosper tonight, and here they are. I re-sorted them based on the rate column. The rates mapped to the credit scores. The better the credit grade, the better the rate. (I have to research what HR means, so I ignored that as an outlier) Then I sorted by Debt to Income … I expected to see the number of bids relate to this one based on lenders reducing their … Continue reading Prosper loan analysis suggests importance of qualitative assessment – people matter!

Customer loyalty, and linkages to market share


I blogged about Net Promoter score, the loyalty measurement de jour back in November.  Today a colleague, Len pointed out Filene research who are doing some interesting research.  I find their premise interesting … the part about the minimal share of consumer finance.  Is that true?  Does it apply equally to consumer deposits? Why do credit unions consistently score higher than banks on customer satisfaction surveys, yet, at the same time have a fairly minimal share of the consumer finance marketplace? Could it be that satisfaction is a good, but ultimately insufficient measurement of loyalty and propensity to grow? Source: Home : … Continue reading Customer loyalty, and linkages to market share