Online Banking
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Electronic bill presentment and payment needs an open solution | netbanker proposes one solution
Jim at Netbanker paints a great picture here about the potential for Doxo as a widepsread method of electronic bill presentment and payment (EBPP). Having watched the evolution of EBPP both across North America and specifically in Canada with BMO and ePost since the ‘90’s the base business case has always been biller cost reduction. … Continue reading
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DNSSEC 5th May 2010 at 17:00 UTC | is this another Y2K?
A little known event occurs Wednesday. The 13 root nameservers that run the internet by ensuring those obscure numeric IP addresses resolve as friendly english words for us, are getting a security upgrade. DNSSEC is designed to solve a flaw in regular DNS used by the root servers to date. When you type in your… Continue reading
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Survey shows shift in consumer preference away from visiting bank branches
This is a significant survey with online banking leading over branches for the first time in consumer preference. (ht netbanker) ABA SURVEY: CONSUMERS PREFER ONLINE BANKING Survey shows shift in consumer preference away from visiting bank branches WASHINGTON – A new survey by the American Bankers Association shows that for the first time, more bank… Continue reading
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Are we finally seeing the demise of the bank branch
Finally we are seeing hints of what we all know is inevitable. It has taken a long time and probably this latest economic crisis, but the long view on branches suggests a damatic shift with less of them. Slow but inexorable move to online banking Yet slowly but surely, the internet is starting to make… Continue reading
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Japanese online shopping site Rakuten to open eBank
Rakuten [wikipedia Site] is a highly popular Japanese shopping destination online, where you can get anything, from laptops to shoes to travel, you name it. Now they are adding their own bank in 2010. The aggregated model exemplified by Rakuten works well in Japan, and the addition of banking is one more innovation for traditional… Continue reading
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Wesabe introduces a redesigned site with enhanced features
Wesabe have introduced a redesigned site. It appears to be more than a surface change with nice use of interactive ‘hover’ features with personalised information inside the hover. The menu is simplified, yet takes you to everything required, including ‘Connections’ that includes iphone and twitter connections. Its clean, bright, and worth checking out. wesabe Wesabe… Continue reading
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We will not hear about bricks and clicks after this recession
Deloitte pick up on an interesting characteristic of banks here. Cost cutting occurs during downturns, but its spend spend spend when things are looking good. Banks rarely get to the point of incremental efficiencies that they note here. Citi are a classic example as noted in the FT this morning. This fits with the view… Continue reading
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Intuit releases their iPhone app – is yours coming soon?
Jim notes the release of the Intuit iPhone app. Last week we had the Wesabe app released offerring a stronger product and better competition to Mint. In general it continually amazes be that banks are not leaping on this opportunity for a low cost, high visibility ad for their online services. Which leads me to… Continue reading
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RBC speak about convergence for EBPP and statements
The commentary here from Colin McKay, vice-president of e-business architecture RBC in this video interview, is refreshing to hear from a Bank. RBC discusses client reporting and customer statements | IT World Canada Some notes from the interview, then commentary and discussion: Old process had product and IT groups generating 18 separate statements in different… Continue reading
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“Online & Mobile Banking Forecast 2009 – 2018” | Online Banking Report
I am an unabashed avid follower of Online Banking Report, and the latest “Online & Mobile Banking Forecast” continues the classic of Jims annual output. The focus of online banking and mobile is one key attribute of this years focus. In fact having the iphone on the front page is illustrative of the outside the… Continue reading
Colin Henderson
- Bank economics, ecosystem, risks
- Emerging technologies
- Digital
- Payments
- Cybersecurity
- Specialist in business & technology requirements
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