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Innovation in Financial Services

Archive for: January, 2011

Brett King - Movenbank - New York | 28/01/2011 | 7198 views | 20 comments

Starbucks Mobile App - Payments reinvented

On Wednesday 26th of January 2011, Michael Degnan (of SapientNitro and Engagement Banking fame) and myself headed down to the Starbucks at One Penn Plaza in New York City with the objective of recording our experience of processing a mobile payment using the Starbucks App for the iPhone. The App links your phone to your pre-paid Starbucks card to ... Tags: Cards, Payments

Bo Harald - ZEF Solutions - Esbo | 27/01/2011 | 3120 views | 1 comment

Look at what it adds up to

I had a meeting recently where an analysis was presented that a small enterprise could save 12 working days a year in the area of automating administrative processes (based on migration to e-invoicing). One participant said that this is not of any use as the SME cannot get rid of a part of a person. I protested - rather vehemently for the followin... Tags: Online banking, Payments

Oliver Parker - Rule Financial - London | 26/01/2011 | 3882 views

A feint towards iPhone in the enterprise

Deutsche Bank trial iPhone usage. It’s an interesting commentary but I think the highlight of the story is missing from this article. As per many organisations running trials with the type of software supplied by Good technology, this is aimed at supplying a secure route to corporate information (email, intranet etc) in a sand-boxed

Tracy Bramlet - The New Business Model - Westerville | 25/01/2011 | 5090 views | 4 comments

If FaceBook can invent its own money--Why can't you?

The idea of a virtual marketplace is no longer new--companies like Second Life have already proven the viability of creating money out of nothing. Last year, Second Life's user-to-user transactions topped $567 million in real U.S. currency and their users, known as residents, cashed out $55 million in real Second Life earnings. That's a whole lot ... Tags: Online banking, Payments

Sanat Rao - Infosys Technologies Ltd - London | 24/01/2011 | 3130 views

Why the lip service to innovation?

I am seeking an answer to a question that’s been bothering me – why does banks’ interest in innovation not translate into intent that is as strong as the interest itself? The latest in a series of our studies on innovation shows near unanimous agreement on the importance of innovation among banks across the globe. Nearly 80% of 72... Tags: Sibos, Retail banking