Latest opinions that Brett King has shared on Finextra

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Brett King

CEO & Founder

Moven

Member since

14 Apr 2010

Location

New York

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Brett's opinions

The perfect storm to put an end to CASH

I've been at the E-Money, Cards and Payments conference in Moscow today. Coming off the back of SIBOS it is quite interesting to have a discussion not just about payments, but around modality and the emergence of strong mobile payments methodologies and practices. We already know that checks/cheques are in terminal decline, but when you bring up t...

11 November 2010 /payments Innovation in Financial Services

Social Media and ROI: Sorry to disappoint you...

Thankfully, I think we are almost at the point of having serious conversations about how social media can be utilized in most organizations, rather than still asking the question "Is Social Media just a fad?". However, there are some massive misconceptions on what social media will do for the organization. As a result, often we aren't ev...

08 November 2010 /retail Innovation in Financial Services

Is Facebook the next threat to the US Dollar?

According to current statistics, Facebook has more than 500 million ACTIVE users, 50% of whom use Facebook everyday, 200 million of these users interact via mobile daily, and around half of the Top sites in the world are integrated with Facebook. PayPal recently announced integration of micropayments into Facebook's platform. Facebook also announ...

04 November 2010 /payments Innovation in Financial Services

The Prototype Bank

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 goi...

03 November 2010 /retail /wholesale

The Rapid Disintermedation of Retail Bankers

The concept that banking is necessary, but banks are not has often been debated. The question of whether technology advances and new business model results in disintermediation is often dismissed as hype. While the Internet is undoubtedly the most significant technological advanced of the modern age, most retail bankers would argue that this onl

27 October 2010 /sibos /retail

SIBOS - Confusion reigns...

If I was to identify one dominant response from bankers at SIBOS this week it is confusion. Not confusion over the event, where to find sessions, or what they are doing here, but confusion over where the banking sector goes next. The fact is, after time immemorial where banking has essentially remained the same, bankers are suddenly thrust into a w...

26 October 2010 /payments /retail Innovation in Financial Services

What innovations will rock our world in the next 25 years?

As preparation for my SIBOS Long Now Innotribe sessions next week I've been talking to lots of geeks, thought leaders, bloggers and innovators about what comes next. This is by no means an extensive list, but here are a few of the disruptive innovations that are coming our way in the next couple of decades or perhaps sooner. The end of content, t

23 October 2010 /payments /retail Innovation in Financial Services

The iPhone 5 Debit Card - coming soon

200 individuals were the first to receive credit cards issued by Diners Club in 1950, the brainchild of Frank McNamara. It was the start of a completely new era in personal credit and payments. American Express entered the credit business with its own card in 1958, within five years had issued more than a million cards. Today there are more than ...

18 October 2010 /payments /retail Innovation in Financial Services

Is WiFi in Coffee Shops a leading economic indicator?

I spend a lot of time in coffee shops writing these days. I don't know why, perhaps many of you have experienced this, but I seem to have a very productive time writing when there is the smell of fresh coffee, the sound of cappuccino machines and the white noise of the coffee crowd to add to the ambience. Sometimes this environment triggers a bu

15 October 2010 /retail Innovation in Financial Services

I've got followers: rewarding social media influence

Ashton Kutcher was famous for being the first celebrity to exceed 1 million followers on Twitter (now 5.8m), the famous Zuck has over 850,000 friends on his Facebook fan page, but this is not your average social media profile. The profile of your average Facebook user shows typically some 130 friends (source:Facebook), and the average Twitter user...

04 October 2010 /retail Finance 2.0

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