Jeff For Banks

OCTOBER 28, 2012

'Banking is becoming increasingly and irreversibly data driven. The amount of information we collect on customers exceed most industries, with the possible exception of the medical industry. Much like medical, the information we collect is highly personal. Since outsiders (i.e. thieves) want our money, this data is constantly under hacker siege. But, in my experience, bankers don''t often effectively use the data they have for good.

Big Data 102

Big Data Data Management Report 102

Money and Payments

OCTOBER 12, 2012

'This year in May, I was visiting the 15th Digital Money Forum (well organised as ever, by Dave Birch and his team at Hyperion), and ran across a very elegant alternative payment concept, that makes use of Twitter as a technology. The concept was called: Punkmoney and its developer Eli Gothill explained on the forum the workings and background of the concept (see the presentation here and read an interview with Eli on the background here).

Community 31

Community Innovation Technology Payments 31

Jeff For Banks

OCTOBER 19, 2012

'The Fed Strikes Again I spent a lot of time during September reviewing and articulating many reasons why the Federal Reserve should restrain itself and not continue with additional easing. First of all, if they continue to buy securities, they are removing many of the high quality securities from the marketplace, possibly causing a disruption or shortage in the markets.

National 75

National Security US Massachusetts 75

Jeff For Banks

OCTOBER 5, 2012

'Remember the good old days when bankers talked big about their fee income prowess? And bank stock analysts issued glowing reports about revenue diversification, and the banks that get “it”. As a side note, if anybody knows what “it” is, please let me know. Because in the fee based business game, “it” appears to be wasted effort. Why? Because most of us are not making serious money, if we’re making anything at all, from our fee-based lines of business (LOBs).

Community 75

Community Operations Strategy Management 75

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