Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre.
Please read our Privacy Policy.

Accept
Channels
Blog article
See all stories ยป

Channels

Payments Retail banking
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Banking is easy..

  • You just accept deposits and make loans with high margins.
  • If you are a start-up bank you just pay more for the deposits and then place the money in high-earning but still quite secure loans and interesting new papers some call hybrids.
  • If you think this is risky you just place the money in a good number of papers - all will not go bankrupt - at least not at the same time.
  • Heavy advertising and marketing is a sure way to build image, brand and trust. Unfortunately it is expensive so volume growth has to be quadrupled - which is easy.
  • Simple solutions make you look simple so it is important to make the "products" at least appear extra complicated.
  • Triple A papers are totally secure - even for perpetual loans - but really boring and lowyielding - so do not recommend it to your investment customers.
  • Payment service is boring and should be left as basic as possible.
  • Regulators are stupid and political enemies - give them a finger and they will not only take your hand but the whole body. Keep them at bay with all possible methods.

Just follow these rules and you cannot avoid getting rich..

2741

Channels

Payments Retail banking
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Report abuse

Comments: (0)

Join the discussion
Bo Harald

Bo Harald

Chairman/Founding member, board member

Transmeri, Demos, Real Time Economy Program,MyData

Member since

04 Nov 2008

Location

Helsinki Region

Blog posts

448

Comments

305

More from Bo

Community
See all blogs »
Banking 

The Rise of Digital Payments Banks in India influencing the Market and Revenue

Harshita Soni

Harshita Soni

Payments strategies 2015-2020-2030 

From Rupees to Bytes: The Transformational Journey of Digital Payments in India

Jamel Derdour

Jamel Derdour

Big Data  

From Transactions to Insights: The Journey of Bank Payment Data

Joris Lochy

Joris Lochy

Artificial Intelligence and Financial Services 

AI is the perfect tool for banks to remain competitive with fintechs

Roman Eloshvili

Roman Eloshvili

Now hiring

See more