Reminders

Financial Services Tech Forum

Archives for October 2011 « Recent Articles

Photo of Aaron McPhersonOffline

While being interviewed for an article this week in Digital Transactions News, I learned that Apriva, a Scottsdale, AZ marketer of gateway services to over 500 acquirers, is planning to introduce a new mobile wallet so that, in their words, "acquirers [won't] get disintermediated by outsiders," such as Google and PayPal.   Not for the first time, it occurred to me that perhaps there is a fundamental misunderstanding in the payments industry as to what "disintermediation" means, with the result tha


Photo of Marc DeCastroOffline

BAI's Retail Delivery Conference was held last week in BAI's home town of Chicago.  Prior to my trip, I was hoping to see an increase in banker/end user attendance based on the fact that the event was not being held in Las Vegas (a non-starter for many in financial services).  I am pleased to report that, in fact, that was the case.  While some of the solution providers I spoke with were looking for even higher absolute numbers, many more spoke of very productive and busy booth traffic and me


Photo of David PottertonOffline

This week I attended Teradata's Partners User Conference.  The overall theme of the conference was "Conquering complexity" and the financial services presentations were focused on key aspects of "big data" management including effective CRM, analytics, and marketing optimization.  One comment struck home for me however and that came from HSBC's Sharon Allsop Kenny who, when speaking about the business intelligence efforts within her organization said the BI unit's goal was to "Ensure the business


Photo of Aaron McPhersonOffline

I had the pleasure of moderating a panel at this week's BAI Retail Delivery Conference on "What's In Your Mobile Wallet?" with a stellar group of top bankers, including Citi's Di ckson Chu, Bank of America's Marc Warshawsky, U.S. Bank's Dominic Venturo, and Wells Fargo's Peter Ho.  The large room was packed with people eager to learn what banks have to gain from mobile wallet technology, and how they should decide which wallet(s) to support. I started off with a brief presentation to set the stage, whi


Photo of Michael VersaceOffline

What Steve Jobs Meant to Banking

By Michael Versace

Following my colleague Dave Potterton's re-post on What if Steve Jobs Opened a Bank, here are few thoughts on what I think Jobs meant to the banking industry.  It's sad to lose Jobs of course, the darling of tech innovation for the past 4 decades and more.  As many others do, I have great memories of my early, personal connections to Apple's view of how technology intersects with the way we live and work.  From the first Computer City store in Charlestown in the late 70s and a


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Big Data Use Cases on Display at Openworld 2011

By Michael Versace

Use cases for "big data" were on display during the first 2 days of Openworld 2011.  Here are a few quick takeaways and thoughts on what I expect to be the markets and questions for big data applications in financial services as we head into 2012.   


Photo of David PottertonOffline

What if Steve Jobs opened a bank?

By David Potterton

With the passing of Steve Jobs this week I thought I should re-post a blog I wrote in May 2009.  Although more than two years has passed since this was written, amazingly (or perhaps sadly) these issues still apply especially to banking (see my recent blog of the SIBOS event for more).  Anyway, here's to you Steve, you'll be missed. Within financial services, there are many technologies and access methods brought to bear to win the hearts, minds and wallets of consumers.  Current hot top


Photo of Aaron McPhersonOffline

How NOT to Respond to the Durbin Amendment

By Aaron McPherson – 12 Comments

Two years ago, I wrote a blog entry entitled "How NOT to Respond to the Credit CARD Act," in which I criticized the idea that banks should respond to government restrictions on their ability to change the terms of credit card accounts by various punitive measures such as raising rates preemptively, reducing credit lines, and increasing late fees.  I concluded by writing, "Such punitive tactics only make regulation more likely, and with the interchange legislation waiting in the wings, the banks have mo


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  • 50 to 60 Billion Dig…
    Michael Versace says:
    This just popped up again.  Am interested in updating this forecast.  Would anyone be interested to renewing the model?
    2 months ago
  • 50 to 60 Billion Dig…
    Michael says:
    25% and we're there, mark of the beast. Finally! 
    2 months ago

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