Banking Innovation
Get flash to fully experience Pearltrees
Recently, Blockbuster Video declared bankruptcy. The news wasn't particularly surprising to anyone who had been following the market for video rentals over the past ten years. Netflix emerged in 1998 with a better, more efficient model for video rentals, and as the speed of broadband internet connections increased throughout America, going to the store, the public library, or even the mailbox to get a movie made progressively little sense. Banks are next. Given current market trends, retail banking as we know it today will no longer exist by 2020.
Aaron Greenspan: The End of the Banking Era
We were unable to find the resource you requested. Occasionally we miscode a link... these are the ones we need to know about so we can correct the Web site. Please fill in the form below so we can fix the link.
Banks Have More Bite When They’re Allowed to Bark: Matthew Lynn
Is Google the best candidate to create a good, customer-focused
S lowly — and sometimes not so slowly — the bricks have been giving way to the clicks for the past 15 years. Plenty of formerly unassailable business models have suffered as a result. The tears flowing for these companies, however, have been few outside their own high, stony walls. Users, customers, innovators, seekers — the majority bottom sections of the social and economic pyramids — these are the big winners in the many wonderful effects of the Web and Internet. And I for one have the freedom, productivity, choice and empowerment to prove it.Half of banks will still lack a formal innovation programme and budget by 2013, according to Gartner, Inc. The prediction is one in a series Gartner analysts have made on IT in the banking & investment services in areas including peer-to-peer (P2P) lending, disruptive technologies and security. “Pressure from governments, regulators and consumers is making some banks risk-averse and creating a culture of introversion and inflexibility,” said Richard De Lotto, principal research analyst at Gartner.
Says 50 Per Cent of Banks Will Still Lack an Innovation Programm
The bulk of innovation is low-amplitude and takes place over a long period. Companies should focus on refining existing technologies as much as on creation by Bill Buxton In October of 2004, Chris Anderson wrote an article in Wired magazine called The Long Tail , a theory he expanded upon in his 2006 book, The Long Tail: Why the Future of Business is Selling Less of More .
