Video Archives Presenter Profile How they describe themselves: Financial Simplicity is an international wealth management infrastructure for portfolio business management and is designed specifically to provide mass personalised portfolio services. Financial Simplicity is widely used to power managed account programs around the world with the provision of portfolio services including IMAs, SMAs, MDAs, and UMAs. Financial Simplicity technology enhances business functionality for a range of purposes including: Portfolio rebalancing against a broad range of client specific rules, preferences and constraints Investment portfolio and model portfolio management Order management and trade allocations Portfolio analysis and performance reporting Platform management Financial Simplicity’s unique approach to portfolio decision-making has been acknowledged as a most effective way to construct model portfolios. Key Executives: Stuart Holdsworth (CEO), Enda Mahoney (COO), Nick Garland (CTO)
Money2020 | The Breakout Annual Event for Emerging Payments & Financial Services EFMA Report: Innovation in Retail Banking PayPal Here Joins Mobile-Pay Apps Already There EBay's payment service PayPal revolutionized how we pay for online purchases. And two years ago, the payment giant attempted to change how we use our phones when it introduced its PayPal Mobile app, which offers to transfer money from one person to another by bumping phones together. And though it would make sense for PayPal to continue its reign in payment innovations, the company appears to be the last to arrive at the mobile-payment party. Earlier this month, PayPal with a heaping helping of pomp, launched its mobile payment system PayPal Here, which runs on a person's smartphone through a downloadable app and uses a small plastic reader to swipe cards. Though PayPal remains a juggernaut in the online-payment space, the question is, is PayPal too late to make a dent with business customers? The new platform joins incumbent systems like Jack Dorsey's Square, Intuit’s GoPayment, and North American Bancard's Pay Anywhere, among others. Cynthia Wahl, for one, says she loves Square.
Apple Patents Crowdsourced, Peer-To-Peer Mobile Banking That Could Use iTunes To Provide Cash On Demand Today the USPTO published an Apple patent application (spotted by UnwiredView) that ventures a little farther afield than most, and describes a mobile banking concept that is truly innovative, which could essentially turn iTunes into a micro-lending bank. The patent outlines a system whereby a user would post requests for small amounts of cash using their iPhone, which other nearby users could respond to to provide some quick funds when there’s no ATM nearby. The lending party would be paid the full amount from an account (which, while not named specifically, could easily be an iTunes account), which would first deduct that total, plus a small service fee, from the iTunes account of the person making the cash request. Unlike a lot of Apple patents, which simply describe refinements or extensions of existing tech already in use by the company, this method for so-called ad-hoc cash dispensing is a remarkably novel invention.
The Banks of Tomorrow: Think Google and Facebook | Wired Business Photo: Ariel Zambelich/Wired When you swipe your debit card at the grocery store, no one walks into a bank vault looking for a box with your name on it. If you’re among the 90 percent of Americans with a bank account, you’re not exactly storing a personal stack of bills under lock and key. Your money is data — a series of ones and zeros. Sometimes, you convert these numbers into greenbacks at a nearby ATM, but mostly, you just shuffle them in and out of your account, with things like electronic bill payments, direct deposits, debit card transactions, PayPal trades, and maybe — if you’re old school — the occasional paper check. Banks provide other things too, including, well, a guarantee that your money is safe. ‘After being in the business of serving banks for the better part of a decade, this has got to be one of the worst industries on the planet for innovation’ — Joe Polverari What this means is banks will gradually disappear into the background of our financial lives. — Josh Reich
Want a Sneak Peek at PayPal’s New Experience Marketing Center? Does your company have an experience marketing group? Do you even know what experience marketing is? If the answer to both those questions is “no” (or even if it is “yes”), take heed of PayPal‘s new experience marketing initiative, which recently unveiled in New York. Bank Innovation got a sneak peek at the payments company’s experience marketing center last week, and it was, to say the least, impressive. The center is located in an office space that has yet to be identified in the building directory in the Chelsea neighborhood of Manhattan. The whole endeavor is intended to show PayPal in action, and that’s not easy with a financial services product. But work it does. The retail software system PayPal uses in the experience marketing center was built by GSI Commerce, and is called Storenet. GSI’s Storenet Application What PayPal’s center does is allow visitors — PayPal reportedly built it mainly to court retailers — see PayPal in action. Share It:
Expérience bancaire du futur Imaginons un instant à quoi pourrait ressembler une banque du futur. Pas une banque irréaliste d’un lointain futur lorsque que nous vivrons dans l’espace. Plutôt une suite de services financiers qui existent actuellement et qui regroupés ensemble pourraient fournir une expérience bancaire idéale. Le monde bancaire étant globalement un monde de gestion de flux et d’algorithme, Internet semble être l’outil idéal pour l’optimiser et le transformer. Une fois ce « stack financier » mis en place, une éclosion de services financiers construits pour des acteurs bien précis (particuliers, ecommerçants, jeunes, riches, pauvres…) pourra voir le jour. Je suis un particulier Mon interface bancaire ressemblera plus à un flux (une timeline) comme l’interface de twitter, Facebook, Instagram… Une interface qui convient à la fois aux ordinateurs et aux téléphones mobiles. Les services à valeur ajoutée de mon banquier se basent sur l’analyse par des algorithmes de mes flux financiers. Pour les entreprises
L'Atelier: Disruptive innovation