Comments on: Bankwatch predictions – Banking 2007 http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/ Tracking the evolution of financial services Thu, 10 May 2012 08:01:43 +0000 hourly 1 http://wordpress.com/ By: The Longtail of Banking « Bankwatch http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-6941 Fri, 19 Jan 2007 01:30:30 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-6941 [...] banking war we are about to witness. (P.S. how the ‘H’ did I miss this in my 2007 predictions!) El Banco de Nuestra Comunidad, which targets check-cashers by undercutting them. Imagine [...]

]]> By: Colin http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-6889 Thu, 18 Jan 2007 00:53:55 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-6889 Great list John and thanks for taking the time.

I find a) in particular very interesting. Someone from Japan was just showing me such a card that seemed to be shareable across merchants.

PS … you should consider blogging :-)

]]> By: John MacAllister http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-6883 Wed, 17 Jan 2007 22:51:46 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-6883 Colin,
Spectacular list to which I would add the following:
a) Prepaid card and NFC offering vendors will gradually chip away at the traditional definition of a deposit account leading more Gen Y consumers viewing Paypal, Obopay, and MVNOs as their primary banking sources.
b) Data from the social experiments in interchange regulation in Australia and those countries covered by SEPA will go largely unread and US legislators/regulators will cave into the merchant community and tinker with payment rates and discounts.
c) Major US processors, convinced that US growth will come in single digits, will conduct a global M&A program in countries moving from cash to electronics for payments.

Just an old guy’s point of view.

John

]]> By: Colin http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-6673 Mon, 15 Jan 2007 04:45:50 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-6673 Ranjana ….
Check here for some examples:
http://bankwatch.wordpress.com/2006/11/30/online-only-banks-branchless-banks/
Let me know your site, and we can talk more.

]]> By: ranjana http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-6669 Mon, 15 Jan 2007 03:54:09 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-6669 hi Colin:
excellent read. which are the banks which are blogging and blogging well? is there any bank which has a model which handles and kind of customer issues via its blogs…or are/will blogs always be the view of a/multiple writers from the bank? do banks have multiple threads of conversations – product or service wise? appreciate if you could throw some light here. thanks.

]]> By: Colin http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5845 Mon, 01 Jan 2007 14:45:23 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5845 David, thanks for the comment, and Happy New year to you. To expand on my rather unclear #2 – I was thinking about corporations put out a blog because they should. Blogs by definition are open and transparent views of the writer and will shed light on their organisation. Closed old style corps will resist that openness, and try to edit blogs, insist on Corporate Communications doing a review of posts first etc etc.

]]> By: Taiwan Earthquake and Online Activities at ING Asia/Pacific’s Blog http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5836 Mon, 01 Jan 2007 10:50:12 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5836 [...] A nice “forward reflection” on banks in 2007 is put forward on Bankwatch. Some comments relate to online activities. [...]

]]> By: david garceran nieuwenburg http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5831 Mon, 01 Jan 2007 10:20:07 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5831 Colin,

Nice list. I think your list of predictions covers a larger geographic area than your North America examples.

Your second point is an interesting and realistic one. Although I am not sure what you mean with a blog reflecting a business model, company blogs in the hands of traditional corporate communication people could indeed lead to disasters.

I further agree with your views on points 5 and 6. I would however add that 2007 would be the year for traditional banks to work on a counter strategy. Starting in 2008 with that might be too late for many banks.

Happy New Year.

David

]]> By: Garry Conn » Top Ten 2007 Predictions http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5828 Mon, 01 Jan 2007 09:15:51 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5828 [...] Top Ten 2007 Predictions For Banking [...]

]]> By: Colin http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5333 Sat, 23 Dec 2006 23:52:15 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5333 Thanks for the comment Doug! I like how you sign each post on your blog ~ innovative.

]]> By: Doug True http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5328 Sat, 23 Dec 2006 21:33:05 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5328 Frequent reader, first time commenter. Excellent 2007 list and agree with the criticality of many of the initiatives you have listed. In our finance world of hyper-competition – the ones that can execute on a list like this will be the winners.

]]> By: Colin http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5250 Fri, 22 Dec 2006 19:57:10 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5250 Justice … first of all thank you for commenting, and reading my blog. I would encourage comments not to be anonymous, since I am keen to know from whom I am learning. Incidentally, once my ‘staff’ locates the error I will be sure to address the matter.
Merry Christmas!

]]> By: Colin http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5244 Fri, 22 Dec 2006 18:35:23 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5244 Trey & Jason … Thanks for the kind comments.
Onwards and upwards to 07. No changes to the blog expected, but some other surprises coming!

Merry Xmas

]]> By: Trey Reeme http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5241 Fri, 22 Dec 2006 18:04:13 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5241 Spot on, Colin – especially #3. I doubt that you’re surprised I’m on board with that one.

When I first read Justice’s comment, I thought it was comment spam.

“Singular verb tenses used with plural nouns DOES not make for quality content”? I hope that was an English-prof joke. If Justice would’ve given us a ;) we may have gotten it. But that wouldn’t have been proper for those “executives in the world of high finance” who take offense to imperfection/personality.

Puh-lease.

Colin, you are brilliant, and I’m not saying that because I’m full of Christmas cheer. Bankwatch was my favorite feed in 2006; don’t change a thing.

]]> By: Jason Knight http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5232 Fri, 22 Dec 2006 14:45:59 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5232 For executives who care about the trends that will impact their business in 2007 (and beyond) your blog is essential reading. Keep up the good work.

]]> By: Justice http://thebankwatch.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5231 Fri, 22 Dec 2006 14:31:54 +0000 http://bankwatch.wordpress.com/2006/12/21/bankwatch-predictions-banking-2007/#comment-5231 For executives in the world of high finance to find full value in your expressions, there is an expectation that proper grammar be employed. Singular verb tenses used with plural nouns does not make for quality content. Have at least one person on your staff who skims your labors before going to press.

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