The Future of Banking Is All About Context: Brett King

“What do banks need to do to compete with nimble and high-tech financial services newcomers? Brett King, founder of Movenbank, BTN's 2012 Innovator of the Year, author of the new book Bank 3.0 and sometime bank critic, sat down with American Banker and shared his current thinking on where the industry needs to go, and the latest on Movenbank's delayed launch and the moving target that is his company's intriguing CRED reputation score for assessing creditworthiness.“ <<READ MORE>>

What we are reading … 15th January 2013

Secret footsoldier targeting banks reveals meaner, leaner face of DDoS http://ars.to/VNmArG

TD Bank Tells Customers They Can 'Bank Human Again' http://dld.bz/bYUDM

A Financial Service for People Fed Up With Banks http://nyti.ms/TJNn9X

Retail Banking Predictions & Trends For 2013 http://bit.ly/UIV4wj

2013: The Technology Landscape http://shar.es/4C1Gj

5 Banks Likely to Fail in 2013 http://www.mybanktracker.com/news/2013/01/09/5-banks-are-likely-to-fail-this-year/

As Fraud Increases, Call Centers Become Key Security Battleground for Banks http://dld.bz/bYzkh

CIOs failing to conduct cloud computing risk assessments

“A new survey by Protiviti has found that cybersecurity tops chief information officers’ concerns, with 84 percent of CIOs stating that they are either concerned or very concerned about the risks associated with IT security breaches. Yet while security issues remain the biggest concern that CIOs have about migrating their technology functions to the cloud, less than half (45 percent) test cloud vendors’ security systems and procedures.” <<READ MORE>>

Mobile Payments: What's Taking So Long, And Who's Going To Win?

“For many years, technologists, venture capitalists, journalists, and large companies have pined for the era when the mobile phone would become our wallet.

And yet, already five years into the smartphone era, mobile payments are not mainstream.
In a recent report, BI Intelligence lays out the four kinds of mobile payment solutions that currently matter, analyzes the two key problems that any mobile payment solution must solve to break into the mainstream, and maps out potential winners and losers in the mobile payments race.” <<READ MORE>>

What we are reading … 14th January 2013

Kenya 2012 International Remittance Reached Sh8.3 billionhttp://dld.bz/bYnYY

Online Content A New Challenge for Mobile Operators http://dld.bz/bYnYW

Global Regulators Give In To Banks Over Risk Rule http://twb.io/U0V9vg

Africa eyes M-Pesa model as mobile phone use goes up http://shar.es/4GaDw

The Death Of Cash Is At Least 190 Years Away http://www.finextra.com/Community/FullBlog.aspx?blogid=7254

How did a mega bank nail a mobile app better than most tech companies? http://dld.bz/bYnYG

Five Key Banking Bets http://shar.es/4G1iQ

Engineering The Right Branch Experience

“Is it any surprise that banks see less traffic and close locations when they’ve been fumbling around with “branch of the future” concepts and failed retail strategies for decades?” <<READ MORE>>

Mobile Banking Use in U.S. Soars, Still Far Behind South Korea, India

“We learn that and much more from the latest Customer Loyalty in Retail Banking report just released by Bain & Company, a consultancy. The researchers have looked into 14 markets around the world and have surveyed 5,200 American consumers to gauge their traditional banking habits and attitudes toward newer channels, such as mobile banking.

The report is full of interesting data, so I thought I should give you the bits and pieces I found most revealing of the current state of mobile banking in the U.S. I do, however, strongly encourage those of you who are in the m-payments industry to review the whole paper—there is a lot to be learned in it.” <<READ MORE>>