The head of strategy for a major corporation once told me that if he wanted an iPad app he could get a local vendor to build one in 2 weeks. I responded “An iPad app to do what?” He thought for a moment, and then said that I had a point. You can build a… Read More »
I highly recommend the book Business Model Generation by Alex Osterwalder, Yves Pigneur, and many other contributors. If you search for “business model” on my blog you will find many references to this book. This book, among other things such as Stephen Fry’s Changes to Computer Thinking, inspired me to take up sketching! The book… Read More »
According to Digital Banker the number of WiFi units shipped has quadrupled in the last five years (as of mid-2014). This should also be considered a market trend as consumers are most certainly coming to expect WiFi. I keep the mobile data turned off on one of my phones and I know many who do… Read More »
Almost every time we brainstorm bank business models someone raises the idea of a digital vault, yet I have not seen that offered as a feature by any of the banks I use. It makes sense that a bank would consider data security a core competency and choose to leverage it as one of its… Read More »
I have been wondering what to say about big data in banking. I have heard of some projects here and there but not seen much of a trend. I was reading Digital Bank and found this about what banks are doing with Big Data: “Most are not talking publicly about how they use customer transaction… Read More »
Something needs to belong in “Uncategorized”. First installment here.
waspit is a social banking platform targeting college students that offers social banking experiences with payments, offers, loyalty, and reviews. The “Social Lending and Savings” section of Digital Bank notes the trend of Social Finance. Skinner covers the following: Zopa in the UK smava in Germany Ppdai in China Prosper and Lending Club in the… Read More »
Currently reading Skinner’s Digital Bank and noting down the trend around virtual currencies such as game currencies and Bitcoin. The most notable trend is the number of failures, which is why I tend to limit my time spent on this space. Gaming / social currencies covered in Digital Bank: NHN in Japan – Line Coins… Read More »
Read Deloitte’s Banking disrupted How technology is threatening the traditional European retail banking model.
Payments is such a hot topic I feel so me-too’sh just mentioning it. Venmo, (see in app store), provides one-touch payments across multiple applications. The Venmo App eliminates the need for users to enter their payment information on multiple applications. It is an online payments gateway provider that stores consumers’ payment information for future use… Read More »