Procrastinnovation works: banks starting to rollout their API sandboxes - Procrastinnovate. And what was discussed heavily last year at innovation geeks meetups (and early this year at BarcampBank London, that was documented in good fashion by my friend Aden Davies), slowly rises on the rollout plans of banks: to offer API sandboxes for external developers , so that they could create banks all sorts of applications - so that the IT guys would be able to spend more time on themselves on tweaking efficiency ratios and make the back-end more effective.
Digital Banking Gets Personal. A bank is a digital business and, as a digital business, can be broken down into pure bits and bytes.
More than that, a bank can be seen as three digital businesses in one: a manufacturer of products; a processor of transactions; and a retailer of services. In this context, the digitization of banking becomes more interesting at a strategic level. First, the products have been deconstructed. Every bank product can be deconstituted into its lowest common denominator of components and then reconstituted into new forms of use and structure. This component-based bank demands that every bank capability be put into a basic widget form, or object form if you prefer, and then offered to customers to put together as they see fit.
Moving onto processing, we build upon the app-based product view and begin to consider processes as open source code. Movenbank: The world's first cardless bank launches in Alpha. With Google Wallet, Square, PayPal and other initiatives emerging in the mobile payments space, it was only a matter of time before a dedicated mobile, cardless bank emerged.
Movenbank, dubbed “the world’s first everyday cardless bank”, launched its Alpha site this weekend. It’s an exclusively online, new model of bank that uses social, mobile and gamification technology. The launch was announced by its founder and chairman, Brett King, a blogger at Banking4Tomorrow and author of Bank 2.0. at the SIBOS Innotribe conference in Toronto last week. The Internet Bank of the Future Is Stupid and Useless. MoveNbank: Can it Out-simplify BankSimple? DNAappstore by Open Solutions - Home page. People Switching Banks More Often, Study Reveals Surprise Reasons. BankSimple Aims to Declutter Mobile, Online Banking. A small group of banks will offer basic checking and card accounts through BankSimple's stripped-down interface.
A young and hip Brooklyn-based company called BankSimple has been developing a simple, clean, and easy-to-use interface to basic banking products such as checking accounts and prepaid cards. BankSimple is not a bank, but it will soon become a middleman of sorts between bank partners and their customers. To this observer, the key thing that distinguishes BankSimple is its focus on design.
"That's fair to say," concurs Josh Reich, CEO, who visited today. Umpqua Bank - Personal Online Banking. Elastic Credit : New Twist on Emergency Cash Loans. Finance in the Information Era by Sean Park on Prezi. BankSimple May be First Invite-Only Retail Bank Launch. Banks should Capitalize on Growing Number of Financial Transactions over Social Media Platforms.
Technology is a key for banking in 2009. I found a whole range of technology predictions for 2009.
One of the best general forecasts comes from Gartner, who say that the top ten technology areas to focus upon during an economic crisis are: 1. Reduce headcount or freeze hiring2. Renegotiate with technology and service providers3. Curtail data center expansion, virtualize assets and lease them back4. I agree with this list. In banking, it goes further. In banking, technology is a critical part of the solution for the crisis, and technology also provides a way to avoid the crisis occurring again.
How Banks Prey On Their Customers. (SliceOfNYC) The banking industry, long accused of consumer abuse, now finds itself in the cross-hairs of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Signed into law by President Obama on July 21, the Act takes aim at a number of long-standing bank practices that many deem harmful to consumers. The biggest change sanctioned by the reform is the new Consumer Financial Protection Bureau, an open-ended regulatory agency which, the Wall Street Journal says, will have “rule-making and some enforcement power” over banks and credit unions. Mortgage lending, specifically, figures to be an area of interest for the new agency. Pump Your Own Bank « Marketing Tea Party. Did I mention that my summer job in 1979 was pumping gas in a gas station?
It was a stroke of luck to have that job. That was the summer of gas shortages. The Park Paradigm - Platforms, Markets and Bytes (video) Let the iWars begin. Inspired by three events this week, I focused on apps for my panel discussion today ... and got shot down in flames for talking bollards.
Harrumph. Here are the events, the logic, the proposal and why it got shot down. First, the events. BaaS: Banking as a Service ( I've just uploaded my latest presentation on Banking as a Service, which was presented for the first time in Bahrain this week.
This is therefore, in effect, my fourth posting about why banking will be free, or razorblade margins anyway. You can read Parts One, Two and Three first if you want, but you should not need to as all we need, before we start, are a few definitions of terms. Agile Banking Talk. The Banking 2.0 panel was so good, I thought I’d pull all the thoughts together into a post.
This is more a list of trends and themes, but it’s well worth a read. Banking, gambling and porn are going to be the dominant industries on the internet (you laugh — but it’s true). And banking probably has the most to win and the some of the easier short-term solutions to implement … What follows is a list of tweets and related thoughts. At the Banking 2.0 panel. Says 50 Per Cent of Banks Will Still Lack an Innovation Programm. Egham, UK, January 5, 2010 View All Press Releases Gartner Makes Key IT Predictions for Banking & Investment Services 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. Users as Service Innovators: The Case of Banking Services by Eri. Many services can be self-provided. An individual user or a user firm can, for example, choose to do its own accounting – choose to self-provide that service - instead of hiring an accounting firm to provide it.
Since users can ‘serve themselves’ in many cases, it is reasonable to suspect that users can also innovate with respect to the services they self-provide. In this paper, we conduct the first quantitative exploration of the importance of services innovation by users, focusing on the field of commercial and retail banking services. 5 Ways Banks Are Using Social Media. Lon S. Cohen is a freelance writer and is @obilon on Twitter. He's also the Director of Communications at @ALSofGNY. Many banks have started using social websites to help them with everything from healing the financial industry to promoting their latest credit cards. Visible Banking: Guest Post #1 - Overview of Social Media & Bank. Bank of America Promotes Small Business Online Community at Logo. What Are Next Big Innovations For Personal Banking? Yes, The Cur. What are the next disruptions for personal financial services?
Internet Is Top Banking Method. What the loss of confidence in banks really means… « Banking 4 T. Denisvacher/bankingmentor. Visible Banking: Visible Banking: The Directory of Social Media. Face à la pénurie de crédit, des entreprises veulent créer leur. Et si ma banque ne demandait pas d'intérêts pour un emprunt ? Spring 2010 Demo Companies Revealed. We're very pleased to announce the lineup for the upcoming FinovateSpring 2010 conference. Taking place on Tuesday May 11 in San Francisco, the conference will showcase dozens of handpicked companies debuting and demoing their latest and greatest fintech innovations. Paperless Online Bill Payment for Businesses with BIll.com. Banques sur Internet - Benchmark Group. Le Règlement Général sur la Protection des Données (RGPD), appelé aussi General Data Protection Regulation (GDPR), encadre l’usage des données personnelles par les entreprises. Les données personnelles représentent toutes données étant attachées à l’identité d’une personne (nom, coordonnées, historique de navigation, etc...).
Entrée en vigueur et obligation pour le citoyen Cette mesure de protection, entrée en vigueur le 25 mai 2018, est obligatoire et donne à chacun le pouvoir de maîtriser les informations lui appartenant lors de la navigation sur Ies canaux digitaux. Tous les citoyens de l’Union Européenne doivent autoriser ou refuser la collecte et le traitement de leurs données personnelles pour un usage déterminé par une entreprise. BNP Paribas : une offre bancaire désormais aussi complète sur In. BNP Paribas montre une nouvelle fois sa capacité d’innovation en partant à la conquête des internautes. En effet, la banque de détail en France a fait d’Internet une des priorités de son plan stratégique et a lancé en 2009 un programme accélérateur avec des premières innovations disponibles dès cette année : Lancement de sa première agence entièrement en ligne « La NET Agence » Cette agence part à la conquête des internautes actifs à la recherche d’une manière différente d’échanger avec son conseiller.
La Net agence s’insère parfaitement dans le dispositif commercial de BNP Paribas. Localisée en France, elle est composée d’une dizaine de conseillers internautes spécialistes d’Internet, de la banque au quotidien, de l’épargne ou encore du crédit immobilier. Chaque client dispose d’un conseiller dédié joignable directement par email ou par téléphone sur sa ligne directe. La NET Agence est accessible depuis le site www.bnpparibas.net, rubrique « devenir client ». How an Ambitious Startup Wants to Revolutionize Banking. When we think of banks, we think of the brick-and-mortar financial institutions we turn to to keep our money safe. Go Back to Basic Banking - Finance: The Way Forward - Harvard Bu. Aren't you just like ING? Internet banking - in a simple way?