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It is old picture but makes the point: Goldman Sachs’ network extends around the world

May 5th 2010: Fitch Ratings said Wednesday that Goldman Sachs' recent legal troubles and the evolving regulatory landscape might lead the agency to eventually review the bank's top-tier credit rating.

Fitch Ratings, a major credit ratings agency, said in a release that it left Goldman Sachs Group Inc.'s rating of "A+" alone for now given its strong performance. Fitch noted that Goldman "consistently" outperforms its global banking peers.

Yes indeed, we have the cost savings argument for the reducing paper case. However, some of the stakeholders find it difficult to adapt to. They need the justification for it (other than save the money and let the bank make bigger profits). In fact the same applies to Green IT, which is just another expression for IT cost efficiency. To succeed with these we need to take stakeholders onboard. That is why climate change is the strongest business driver ever seen.   

Indeed, I fully agree with your opinion of Web 2.0 security concerns. We need to find the solutions to ensure trustwothiness for these services. Without trust that these services are secure we do not see any future for social lending. You can imagine the effort already being put to ensure the security and the effort that will be put in this matter to ensure the security in the future as well.

Trust is the core of social lending; technical trust and trust that the users act according the code of conduct in the service. Only then we will witness a remarkable shift in the system known as financial infrastucture.