Finance 2.0

A community for discussing the application of Web 2.0 technologies to financial services.

Retired Member 

No NFC on the iPhone 5?

Just in case you missed it ... The iPhone 5 has finally landed!! While the usual queues greeted the latest instalment of the world’s best loved smartphone, in mobile payment circles, all the talk is about what hasn’t been included rather than the array of new features that have. The decision to omit NFC capabilities by Tim Cook et al has surprised...

25 September 2012 /retail

Andres Fontao Partner at finnovista

Gamification in banking

I recently had the opportunity to attend Gamification & Banking: a passing fad or a serious business, at the BBVA Innovation Center in Madrid. It’s part of series of talks and discussions around innovation in retail banking. To be honest, I had not put much thought into this topic until I came upon an announcement, but a star-studded line up o...

25 September 2012

Retired Member 

Why Financial Services outsourcing is the future

The world of Financial Services is at a serious crossroads. Whilst many in the Finance profession sniggered at the recent motivations and methods of the worldwide “Occupy Wall Street” movement – a deeper, more subtle Financial Services industry transformation may already be underway that might well validate their sentiments over the coming decade...

11 September 2012 /regulation

Retired Member 

The rise of the Robo Shopper

Both the mobile phone and a good dose of retail therapy are much loved by the UK public. Now it appears the two have joined forces to take the high street by storm. A recent Ofcom report, which set out to examine consumer’s use of smartphones in the purchasing process, has shown that consumers are becoming increasingly reliant on their mobiles to e...

03 September 2012 /retail

Retired Member 

Square up with mobile

Famous for its mobile payments solution, Jack Dorsey’s Square is already exceptionally popular with merchants in the US. For several years the innovative payments dongle has allowed small businesses (or even one man bands) to accept card payments through their mobile phone securely and with ease. However, the company’s latest offering, Pay with Sq...

17 August 2012 /payments

Martin Bailey Technology Product Director at Temenos

Is your cloud SLA worth the paper it's written on?

When we recently bought a property, we had to engage the services of a solicitor in order to do the conveyancing. Part of the process involved a number of searches. A line of highly paid professionals formed at vast expense to give us their considered opinion on everything from the structural integrity of the property through to whether it was abo...

15 August 2012 /regulation

Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted

Mo Money, Mo Problems

Does anyone remember the scene from season five of The Wire, when Proposition Joe starts laundering the money from the New Day Co-op drug cartel in an off-shore bank in Antilles? (If not, get the box set – we’ll talk in a few weeks). Well, new cartel member, Marlo Standfield keeps asking Prop Joe where his money is; so Joe shows him a bank statemen...

15 August 2012 /payments /retail

Retired Member 

London Olympics shows the cashless society has arrived

The Olympics has been touted as the biggest test ground ever seen for the mobile payments industry. Millions of tickets went on sale and sports venues around the country were kitted out with state of the art mobile payment devices, ready to feed and water the crowds en masse. Given the sheer numbers of people who attended it goes without saying th...

14 August 2012 /payments

Retired Member 

Minority Report

Late last week, Lloyds Banking group announced its mid-year results. Lloyds, the UK's biggest bank, posted a half-year loss of £439 million. The results were not surprising. The tide of economic turmoil from mainland Europe hasn’t receded and the group is still facing the full wrath of PPI claims. On the same day, a few hours later, Facebook ...

05 August 2012 /retail

Brett King CEO & Founder at Moven

Can the banking industry re-engineer trust in the system?

I grew up in a world where a run on the ‘bank’ was never realistically going to happen. I grew up in a world where when someone wished to declare the truthfulness of their assertion they’d simply say “you can take that to the bank” or when it was a sure thing they’d say “you can bank on it!” I grew up in a world where the government ‘guaranteed’ m...

01 August 2012 /regulation /retail