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

Compliance vs Social Media - eternal enemies?

A consistent theme keeps popping up as I discuss social media innovations with bankers these days. It is increasingly frustrating for innovators who want to use mobile, social media, the web and other such tools to get these past hyper-risk-adverse compliance specialists. It seems as if many of the banker's I'm meeting are saying that the favorite...

06 July 2010 /regulation /retail Innovation in Financial Services

Branch Networks: Where do we go from here - Part 2

In my recent blog on branches I got some reader feedback that leads me to believe that some have interpreted my positive slant on the effectiveness of direct channels as evidence that I am 'against' branches. This is not the case. However, I do think that branch networks are currently in a precarious situation and bank's might find themselves sadd...

30 June 2010 /retail Innovation in Financial Services

Branch Networks: Where do we go from here?

I’ve spent the better part of the last three months meeting and talking to some of the best and brightest bankers in Australia, Asia, UK and the USA and what I’ve learned is fairly predictable, and just a little disappointing. Direct banking (mostly Internet and Mobile) is going off everywhere I go, but most banks are still saddled with an unhealt...

28 June 2010 /retail Innovation in Financial Services

SME Banking and Cloud Computing - Great Partners

I met Friday with Mike Hirst, CEO of Bendigo and Adelaide Bank, one of the top banks in Australia today. As we discussed the need for community banks to get better at servicing SME business needs moving forward, we had a really interesting brainstorming session on where to go next. Mike is an easy going guy and I think he's created a really posi

24 June 2010 /retail

BANK 2.0: Mobile AdServing or Offer Management?

With the massive activity in the mobile Ad space arena at the moment, I’m amazed that there is so little focus on this by Bank marketing teams. It shows a level of ignorance that is staggering. There is some light at the end of the tunnel. This week Citi announced a new App-based mobile marketing platform, mainly built around the loyalty program

16 June 2010 /retail Finance 2.0

Mobile banking needs more sensible data plans

The greatest competitive differentiation a mobile operator can give me today is an always on data plan across devices. Right now I have an iPhone, a Blackberry, an iPad and a Mac and I effectively have to manage different data plans for each device. This sucks. I also maintain a broadband connection at home, although I would abandon that gladly if...

15 June 2010 /retail Innovation in Financial Services

Are banks to big to change?

Reformists and regulators in the US, in the EU and in other jurisdictions are grappling with the problem of massive banks and how their financial health is tied up with the very vitality of the economy. This happens because as the banks are so large and represent a major indicator of the health of the stock market, and thus the macro-economy, it i...

11 June 2010 /retail /wholesale Innovation in Financial Services

Social media empowers community banks

Community banks and credit unions have been around since the mid 1800s. Unlike most commercial banks which exist as publicly listed companies, credit unions and community banks are normally not-for-profit structures built to serve the community or groups where they are established. Generally these community banks or credit unions serve a specific ...

07 June 2010 /retail Finance 2.0

Facebook isn't dangerous - it's just different

Last week my esteemed colleague Robert Siciliano blogged about the Dangers of Facebook. This was in response to collective pressure on Facebook's privacy policies and the various media coverage related. In fact, the media pressure got so big that the 1st of June was supposed to be "Quit Facebook Day" as a protest over Facebook's privacy p...

02 June 2010 /retail Finance 2.0

Analysis: Lack of innovation is killing bank valuation

No one can deny that banks have had a tough time of it when it comes to stock market valuations over the last couple of years. The global financial crisis, massive debt and NPL issues along with punishing public opinion led to a massive collapse in banking stocks and company valuations in recent times. It would be simple to blame the sub-prime and...

31 May 2010 /retail Innovation in Financial Services

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