This week, Facebook notified users that its chat services would be leaving the main Facebook app for iOS and Android, and users would be forced to download Messenger, a separate app developed by Facebook solely for its messaging and chat services. All of this is a part of Facebook’s newRead More
Post Tagged with: "banks"
How do bankers really feel about bitcoin? It seems financial institutions are viewing the world’s most famous cryptocurrency as a potential threat, and a potential opportunity.
I’d like to think that the vast majority of the investments we make are in companies whose products and services are not commodities, and not subject to the brutal forces of commoditization. In those cases, we are looking at markets where companies can win based on product differentiation, or where what they are doing is […]
I’ve spent the better part of my career investing in technology companies involved in financial services. Given that, it’s a bit surprising how much I hate the term FinTech. Historically, FinTech has defined the technology vendor community selling into banks and broker/dealers. Until 2008, this was a reasonably good business. Since then, there has been […]
By Mark Reeves, Partner Innovation and service quality are critical for banks to succeed. Business and technology change initiatives play a key role in creating innovative, high-quality new products and services that can help banks meet consumer demands, comply with regulations, replace legacy systems and develop new businesses. However, most banks’Read More
[This post originally appeared on forbes.com here: http://www.forbes.com/sites/bruceupbin/2013/02/15/tokenization-and-the-collapse-of-the-credit-card-payment-model/] It’s been a fascinating couple of weeks in the token world. We have Monopoly’s decision to replace the iron with a cat, based on a poll launched on their Facebook page. Feels like selection bias to me; is anyone surprised that the population of people who are […]
Square Puck: sounds dangerous, right? I think it is. There’s a famous/trite expression, commonly cited in the venture business, about how you want to skate to where the puck is going, not to where it is right now. As I watch the payments industry grapple to deal with the phenomenon of Square’s micro-merchant processing business, […]
Forget mobile banking — just give us the cash! That’s been the sentiment of residents in storm-battered northeastern states in the wake of tropical storm Sandy. Many residents in states such as New York and New Jersey faced (and may still face) days without power and a shortage of importantRead More
The popularity of Daily Deals sites has exploded in recent years with a plethora of providers vying for the attention of an increasingly price-sensitive consumer base. However, while Daily Deals are a highly effective means of increasing awareness and driving consumers to a particular retailer, the current offerings lack theRead More
It’s a hard time to be a banker. I’ve had this post in my draft folder for a long time, held back from finishing and posting it by the concern that, at least until now, it didn’t seem all that hard to be Jamie Dimon (America’s Banker ™), […]