22 March 2018
Bo Harald

Good for society at large

Bo Harald - ZEF, Transmeri, Demos, Real Time Economy Program

356Posts 1,368,449Views 263Comments

Banking is easy..

12 July 2009  |  2403 views  |  0
  • 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..

TagsPaymentsRetail banking

Comments: (0)

Comment on this story (membership required)

Latest posts from Bo

Learn once - use everywhere - huge lever

13 March 2018  |  4038 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineInnovationGroupDigital Banking Trends

Do not fall in love with the solution..

31 January 2018  |  4435 views  |  1 comments | recomends Recommends 0 TagsArtificial IntelligenceInnovationGroupDigital Banking Trends

Finland 100 years

09 December 2017  |  5589 views  |  0 comments | recomends Recommends 0 TagsRetail bankingInnovationGroupDisruption in Retail Banking

Impact evaluation - much to do

04 December 2017  |  3252 views  |  0 comments | recomends Recommends 0 TagsRisk & regulationInnovationGroupFinancial Services Regulation

Bo's profile

job title Chairman/Founding member
location Helsinki Region
member since 2008
Summary profile See full profile »
Independent advisor and board professional

Bo's expertise

Member since 2008
353 posts263 comments

Who's commenting on Bo's posts

John Bullard