Business Models, Web/Tech

Bank Technology: modify or replace?

Colin Henderson

 This article summarises the technology dilemma that all Banks face.  I look at ING, and I recall them buying Sanchez back in the 90’s, and how that courageous decisions has simply paid off in spades.  Here is another example. By adding the Profile core banking platform from Fidelity National Information Services, ING is able to leverage “a lot of built-in functionality, including replication, journaling and security,” Wolfs relates. “It also delivers amazing speed to deliver a fast customer experience in real time.” Profile also integrates ING’s Web and call center, ensuring that all transactions are updated in real time regardless … Continue reading Bank Technology: modify or replace?

Payments2 Comments

Online Banking Report: Why "My Spending Report" trumps free bill pay

Colin Henderson

This new report picks up on directions led by the likes of Wells Fargo, that takes online banking right into the core space that was once dominated by Personal Finance Managers (PFM) such as Quicken, and Microsoft Money. This report looks at the more advanced personal finance features largely ignored by banks so far, including: categorization, sorting, reporting and long-term storage have largely been ignored by banks. Furthermore, integrated personal finance is less costly to provide than bill pay and may be an even more powerful a retention device. Source: Online Financial Innovations: Internet Strategies for Financial Institutions. PERSONAL FINANCE … Continue reading Online Banking Report: Why "My Spending Report" trumps free bill pay

Ranking

HSBC Commercial Banking scoops award – Money News

Colin Henderson

 New ranking information on UK Online banking, but although hard to tell, I think specific to business banking. Two independent polls have named HSBC Commercial Banking’s Internet banking facilities as the best in Britain. Global Finance magazine has named the bank as the Best Corporate/Institutional Bank in the UK in its yearly survey. Financial website Moneyfacts has also awarded HSBC Commercial Banking the accolade of the best provider of online business banking services. Source: HSBC Commercial Banking scoops award – Money News technorati tags: online+banking, ranking, UK Continue reading HSBC Commercial Banking scoops award – Money News

Innovation, Telephone Banking3 Comments

BankNet 360 – Big Blue Creates ‘Bank of the Future’

Colin Henderson

This is pretty far out stuff.  IBM have built a $250 million Bank of the future in Singapore to illustrate the technological future for Banks.  The facility includes a surveillance system that monitors how much time customers spend in different sections of the branch and to what extent they are viewing product displays, biometric authentication devices that recognize users through the veins in their fingers, and automated teller machines that take deposits and recycle the cash for dispensing. Source: BankNet 360 – Big Blue Creates ‘Bank of the Future No pictures yet, and I am really curious to see the details.  I … Continue reading BankNet 360 – Big Blue Creates ‘Bank of the Future’

Pinkomarketing4 Comments

BarCamp / BarCampBank

Colin Henderson

 Chris introduced this to me today, so thanks for that.  I knew about BarCamp, but BarCampBank! Who would have thought.  This page is dedicated to any project related to imagine the future of a bank for BarCamp and any other interesting disruptions related to money Source: BarCamp / BarCampBank In any event, its just getting going, and I really like the concept. Mission Statement :  (being peer reviewed) thinktank about the future of the bank (PeerInvest, WikiVenture, ethics, reputation, open-process and money, transparency, identity, KarmaInitiative karma-trusting….) promote and drive innovation on free software/culture/community projects detect innovative projects via BarCamp international … Continue reading BarCamp / BarCampBank

Innovation

Pew Internet: Future of the Internet 2020

Colin Henderson

 This will be a longish post, so hang in there.  This is not just my favourite topic, its core to everything associated with the web lifestyle.  Simply put, where is all this going, and should we care.  This report is 115 pages long, so I have focused on two points for the future: intelligent agents privacy PEW always provide great insights, and their “Future of the Internet” series is valuable.  Its worthwhile noting this report is based on interviews with Internet insiders, but for me that makes it the more useful.  Its worth noting the results are assembled points that … Continue reading Pew Internet: Future of the Internet 2020

Uncategorized5 Comments

final design changes

Colin Henderson

I am finally finished with design changes. This one is a modified version of a new WordPress theme, ‘cutline’. I feel its closer to the clear, easy to read, professional look that I was hoping for. I’ll let this run for a while, until I get the feeling that this is working for everyone. I liked that last one (silver is the new black), from a design perspective, but somehow the colours were not working for me. Continue reading final design changes

Innovation

Techcrunch » Exclusive: Mysterious Paypal Secure Storage

Colin Henderson

 Techcrunch scoop a new service coming from Paypal.  In effect its an online safety deposit box. The new service, called DropBox, creates a secure storage area that is associated with the account. What we are not sure about is if this is a service just for merchants, or if it is a service that will be open to every user – from what we have seen so far it seems this is more of a service for merchants. Source: Techcrunch » Blog Archive » Exclusive: Mysterious Paypal Secure Storage tags: paypal, online+safety+deposit+box Continue reading Techcrunch » Exclusive: Mysterious Paypal Secure Storage

Wireless

Forrester: few consumers use internet outside of the home (North America)

Colin Henderson

 General conclusion (North America) is that while wireless is pervasive within the home, its use outside remains limited. EXECUTIVE SUMMARY                                                Length: 7 pages North American consumers have realized the value of being untethered at home: 29% of households have a laptop and 11% have a wireless home network. But consumers are only beginning to embrace mobile access outside of the home. Among online consumers who own the requisite equipment a laptop and a wireless home network  public wireless access increased from 4% in 2005 to 7% in 2006. These wireless Net users don’t fit the mold of the typical … Continue reading Forrester: few consumers use internet outside of the home (North America)

Business Models

The Ambassador from the Next Economy

Colin Henderson

Courtesy of Laurent, a remarkable bio on Joi Ito, whose role at age 39 is difficult to define.  He is something of a venture capitalist, yet he doesn’t seek money.  He is interested only in furthering the right tools to move the Internet economy and philosophy ahead.  In this milieu, Mr. Ito, at age 39, has become one of the most visible global defenders of the idea that commerce and community can be designed to mutually reinforce each other. He argues that the great businesses of the Internet will not be those that stream canned video or data, but those that bring people together … Continue reading The Ambassador from the Next Economy