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The real rip-off culture? Part One

Further to my write-up about Wonga the other day, I have been contacted by author and campaigner Steve Perry, who has been on the wrong side of the payday loans industry. Now don’t get me wrong.  I am NOT against payday loans firms or their operations (I actually admire Wonga's technology ops).  I AM against the…

PayDay UK

The real rip-off culture? Part One

Further to my write-up about Wonga the other day, I have been contacted by author and campaigner Steve Perry, who has been on the wrong side of the payday loans industry. Now don’t get me wrong.  I am NOT against payday loans firms or their operations (I actually admire Wonga's technology ops).  I AM against the…

PayDay UK

Alipay: innovation in banking is a good thing

Going back to my discussions in Asia last week, I am intrigued by the results of the interactive voting we performed. I asked a number of questions last week, and have already blogged about one of them: Do you agree that innovation can only be delivered by a CEO or equivalent mandate? Yes – 49%…

Alipay

Alipay: innovation in banking is a good thing

Going back to my discussions in Asia last week, I am intrigued by the results of the interactive voting we performed. I asked a number of questions last week, and have already blogged about one of them: Do you agree that innovation can only be delivered by a CEO or equivalent mandate? Yes – 49%…

Alipay

Massive innovations in payments … not?

Just been through a meeting on payments and all areas of payments from SEPA to Basel III, corporates and trade, risk and liquidity, innovation and change and more. My role was to talk about all things that I see as innovative in payments right now. That’s a long list and so, in the interests of…

Banks are like a 1,000 mph car

Talking about risk and innovation in creating the world’s first 1,000 miles per hour (mph) car, is like talking about changing the core systems in a retail bank. You just don’t do it or, if you’re going to try, it’s incredibly tough and challenging. In fact, in retail banks, it’s even more challenging as the…

Banks are like a 1,000 mph car

Talking about risk and innovation in creating the world’s first 1,000 miles per hour (mph) car, is like talking about changing the core systems in a retail bank. You just don’t do it or, if you’re going to try, it’s incredibly tough and challenging. In fact, in retail banks, it’s even more challenging as the…

How Facebook Credits could replace traditional banking

I just made a comment this week about Facebook Credits being bigger than Amazon by 2020. This was on the back of my favourite stories about Zynga becoming the biggest PayPal merchant in under a year on the back of Facebook games, and how QQ and Second Life currencies have been examples of how virtual currencies can…

How Facebook Credits could replace traditional banking

I just made a comment this week about Facebook Credits being bigger than Amazon by 2020. This was on the back of my favourite stories about Zynga becoming the biggest PayPal merchant in under a year on the back of Facebook games, and how QQ and Second Life currencies have been examples of how virtual currencies can…

How banks can beat the telco’s at the mobile game

In the 1990s, I spent a long time studying bank trends and the future strategies banks and other would take.  The conclusion I came to is that there would be a general cross-industry bank trend, where non-banks would enter banking and, in order to get banking skills, would acquire banks.  The end-game would be that…

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