Future of Banking « Banking 4 Tomorrow

Posts Tagged ‘Future of Banking’

The Prototype Bank

Wednesday, November 3rd, 2010

Getting to the bank of tomorrow seems daunting. For banks that are entrenched in physical elements such as branch distribution networks, long-held conventions around paper-led compliance procedures, embedded silos and P&L (that are more likely to collapse completely than change) – how can a change to a better bank be navigated? How are you going to issue credit cards when there is no plastic? What will checking accounts be called when you don’t issue check books anymore? The challenges facing the banking sector today are extreme…

Tags: banking, design, Future of Banking, gaming, IDEO, immersion, NAB, P&L, prototyping, silos

Continue Reading | comment 4 Comments | date November 3rd, 2010

Banks: KYC is Killing Your Customers (Huff Post)

Sunday, February 21st, 2010

In my discussions with bankers about innovation, I often hear them tell me that perhaps in other industries innovation could be achieved, but due to heavy regulation and the compliance requirements of the banking sector that such is more difficult for financial institutions. This is part of the story, but I’m sure that it is fixable…

Tags: acquisition, Advocacy, Application, banking, Business News, Compliance, Customer Experience, Engagement, Future of Banking, innovation, KYC, Organization Structure, Policy

Continue Reading | comment 1 Comment | date February 21st, 2010

Would Google make a better bank? (HuffPost Blog)

Sunday, January 31st, 2010

Many feel today that the big banks have got too big, have lost touch with their customers. They seem more interested in speculating on the assets they hold to create profit, than basic banking services to their customer. The criticism is often levelled that these banks feel they are big enough that if you don’t like it, they’ll just ignore you.

The question at hand, however, is Would Google build a better bank? The immediate answer might be – it couldn’t be worse than what we’ve got now. The question really is how could a Google or someone like them build a better bank?

Tags: apple, BANK 2.0, banking, banking license, ben-pavone, Future of Banking, google, ipad, iPhone

Continue Reading | 3 Comments | January 31st, 2010

What DAVOS needs to do, but won’t

Tuesday, January 26th, 2010

Looking through the World Economic Forum Programme for this coming weekend there are some incredible speakers and topics. James Cameron will be there to talk about directing Avatar. Reid Hoffman (Linkedin), Evan Williams (Twitter) and Owen Van Natta (MySpace) will be there to discuss the growing influence of social networks. Tim Brown (IDEO) and Gary Hamel (Author, MLab) will be there to discuss management innovation. Brian Moynihan, CEO of Bank of America, and others will be there to discuss redesigning capital markets. Bill and Melinda Gates will be there to discuss their foundation, and Melinda Gates will be discussing education for girls and how it effects economics in the developing world. This is just a small snapshot of the amazing depth to the forum, but something is missing.

Tags: banking, challenges, customers, Economics, financial crisis, Future of Banking, leaders, reform, regulators, Social Networking, World Economic Forum

Continue Reading | 5 Comments | January 26th, 2010

New Did You Know – BANK 2.0 Video uploaded

Thursday, January 14th, 2010

Check out the draft of the new promo video for the book which looks at some of the changes in banking, disruptive technologies, and some interesting facts you might not be aware of!

Stay tuned for more of BANK 2.0 very soon…

Tags: BANK 2.0, banking, Checks, Cheques, Did You Know, Future of Banking, iPhone

Continue Reading | comment Add Comment » | date January 14th, 2010