Tag Archives: banking

Three Ways to Fend Off Disruption

Disruption Ahead

Have you heard the joke about the disrupted barber? He was happily running a one-chair barbershop for years when a discount haircutter opened across the street. Customers deserted him. Business plummeted. The man grew desperate. Till one day he fought back: he created a sign and put it out front: “We fix $9 haircuts.” Business returned. As I travel this ...

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The Need for True Financial Innovation

Facilitating Mobility for People in Banking – a Paradigm Shift While mobile solutions companies continue to drive product development and their point solutions under the banner of technological innovation the more they miss the plot. So much focus and effort seems to be invested in taking an existing product and merely re-platform it to be functionally available through a mobile ...

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Innovation – When Remakes Attack

I was in a Chinese buffet last week, and found myself humming along with the oriental muzak. In fact, I couldn’t stop. Why was I humming along to music I’ve never heard before? It turns out I had heard these songs before, as they were Chinese takes on American melodies. They covered the likes of Celine Dion, Whitney Houston and ...

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The Bank of Facebook

How will Facebook and the global economy interact in the future? There has been much speculation recently about the role Facebook Credits could play in becoming a global virtual currency, and even the possibility of Facebook becoming a bank. In many ways, it already is becoming a bank – just not in the traditional sense. Facebook is harnessing the power ...

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Diversity is a Source of Creativity and Resilience

The magazine Nature features an unusual lead article about the parallels between the recent financial near catastrophic failure and the spread of diseases in natural eco-systems. This is no joke or provocation: not only is Nature a serious scientific publication but the article is written by Andrew Haldane, executive director of financial stability at the Bank of England, and Robert ...

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