I think it is very similar as it taps into human behavior hence the reaction to that behavior sets the rates over time. In the micro finance world I would expect that the community - online space -would eventually catch on to rising loan losses and eventually jack up interest rates as a result until the loan risk becomes too high for borrowers and underwriter which leads to the online community eventually collapsing as a result. Caja Navarrain Spain has an interesting loan concept where the community vouches for people requesting loans which in turn helps the borrower secure a better rate - I will be keen to watch the evolution of this social trust concept grow over time.
18 Oct 2009 08:00 Read comment
Takes the same amount or a little more time to pull the iPhone out and pay with it versus a card swipe - however I think the value lies in the opportunity to payback the customer with interactive marketing e-coupons, points, loyalty stuff, games example - being Dean's "comment shout me a coffee" similar to Facebook games like giving a friend a beer however in this case the gift is redeemable at a participating store. It opens up a new world centered on the simple act of making a payment.
30 Sep 2009 16:12 Read comment
While there are a lot of good things coming from social media it also has a bit of a frightening side to it. What comes to mind is manipulation and the potential for mob rule or at least a back door type of mob rule - a social media mobocracy. Take the last election in the United States for example and the fact that politicians are keenly aware of their constituencies’ usage of social media and how they can use this medium to their advantage. Social Media and the speed in which an issue or topic spreads on the net and how it spills over into mainstream media can get out of control very quickly and is often based on weak facts or hearsay. I can see it becoming more abusive in the future and will probably have an effect on logical decision making in democracy, politics, capitalism, and general business practice as we know it.
24 Apr 2009 22:12 Read comment
Very interesting. Check This: http://www.nttdocomo.co.jp/english/corporate/future/hokusai/index.html They have a similar future vision for mobile as a transaction settlement engine. As for less middlemen - I think the time is ripe to get in the game, I see more players entering and creating membership based relationships in which mobile transactions will be further accepted and secure. You can already see it in the remittance and emerging microfinance lending markets.
18 Jun 2008 15:00 Read comment
I wouldn't count WAP out yet. As mobile phones continue to progress towards the iPhone model I think it will become a hybrid of web based access and rich transaction capability utilizing the fastest transaction options available while still providing a web like experience in the online banking space - advertising will probably ensure WAP prevails.
03 Jun 2008 14:31 Read comment
Innovation in Financial Services
Online Banking
Finance 2.0
Jacob ChristiansenManaging Director at Advantage FSE
David CsikiManaging Director at INDATA
Jonathan DuffyManaging Director at Netclearance Europe
Una DillonManaging Director at MRC
Maximilian SchausbergerManaging Director at Elevator Ventures
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