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Futuristic Banking

Stuff that's out there in the way out and beyond in banking.

Retired Member

Retired Member 

The Next Big Thing - A Bank

I've been known to make some outrageous predictions about such things as how many (few) global banks there would be in a few years (last year) and the boring sort of stuff, like there is no security on the internet, and that tech stocks like google were over-valued, privacy and trust issues, that sort of thing. I've been thinking about 'banking' l...

/payments

Paul Penrose

Paul Penrose Head of Research at Finextra

What's the difference between Hbos and HSBC?

What's the diference between Bank of America and Wells Fargo? Citibank and JPMorgan Chase? Royal Bank of Scotland and HSBC? Hbos and Barclays? From a consumer perspective, very little. They all offer much the same products, charge much the same fees, and use much the same distribution networks. For sure, some may be better capitalised than others. ...

/retail

Matt White

Matt White North America editor at Finextra

Intuit demands Mint proves user numbers

As the recession bites, more and more of us are turning to personal finance management tools to keep control of dwindling funds. One of the big boy in the US is Intuit with its Quicken Online offering but it seems to have been spooked by young whippersnapper Mint, sending a nasty letter to its rival demanding evidence to back up published user fig...

/retail

Ed Daniel

Ed Daniel Senior Consultant, getting old you know ;-) at esdaniel.com

UK Banking Retail OPEN API

This has been on my mind a lot recently, mainly out of frustration with using my bank's web sites as they don't support Firefox very well. More so, my bank and credit card providers especially are a total pain in the butt when it comes to working out which cookies and javascripts to enable for their various domains - this becomes a total headache...

/retail

Retired Member

Retired Member 

Facial recognition authentication in bank branches?

As the facial biometric authentication is developing, I can foresee a scenario, when the face of the customers are scanned by a corner camera as they step into a bank branch. The authentication is done this way and when the customer comes to the counter, and the bank employee could immediatelly see the customer name, portfolio, next best offer and ...

/retail

Retired Member

Retired Member 

Bye Bye Cheque Truncation..

It is interesting to note that after a little more than a decade, Canada has decided to stop investing and creating technologies and market infrastructure for cheque imaging to make the paper clearing process faster, safer and better. North American countries in particular have been investing a lot, over the last couple of decades, on imaging prog...

/payments /wholesale

Paul Penrose

Paul Penrose Head of Research at Finextra

The contactless wristband

Antony Jenkins, CEO of Barclaycard says contactless chips have huge untapped capability, but the plastic around the chip limits its potential. "Take the plastic away and the possibilities are endless, allowing the customer to pay by using something that they are already carrying, be it a mobile, key fob or even via biometrics," he says. F...

/payments

Retired Member

Retired Member 

Chrome performance sustainable? What about Android?

Anyone who thinks chrome is a geek topic is missing the point. It is also not beta in the sense that people won't wait to use it in finance. The recent launch of Google's Chrome browser is nothing short of genius. Not original thinking but excellence in execution by any measure. I will explain. The best way to learn about google chrome is to read t...

/retail

Paul Penrose

Paul Penrose Head of Research at Finextra

ABN Amro prepares for the virtual world of banking

ABN Amro was one of the early pioneers in buying virtual real estate in Second Life, the Internet-based 3D fantasy playground. In 2006, the Dutch bank snapped up a large number of islands and opened a virtual financial advice centre to interact with the role-playing denizens of the alternate world. More recently, and in line with other banks like ...

/retail

Retired Member

Retired Member 

Cost cutting... Is it being done correctly? Who to blame?

Every time recession hits market we start seeing so many people loosing jobs. This happens across business domains. Every single person; from a clerk to the CEO, everyone know that such rough phase is going to come periodically irrespective of what business they are in. What kind of planning is done by the leaders (CEOs, VPs, …) to handle those sit...

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