Comments on: Bank of America partners MIT for banking research lab

By: jen

jen — Mon, 24 Nov 2008 19:51:19 +0000

because a majority of mit grads go to wall street and it has a really good business school and economics program. obviously asking customers is a step and a given step in any consumer oriented service.

By: Colin

Colin — Wed, 09 Apr 2008 00:35:48 +0000

@Cayce .. love that quote!

By: Cayce Pollard

Cayce Pollard — Tue, 08 Apr 2008 21:37:39 +0000

“makes total sense to me why a Bank would go to a place like MIT to try and figure out how to invent the future of banking.”

Why? What do technology researchers know about banking? Who was it that said that the MIT guys spend their time writing about “shoes that can send e-mail to other shoes”?

By: johan steunenberg

johan steunenberg — Wed, 02 Apr 2008 16:21:14 +0000

Hi Ray,

if ‘Banks [...] represent the possibility of consumer to organize their economic life’, maybe empowering your customers in doing that and have them develop your future is something else then going to a lab. It’s not that a lab can’t come up with this suggestion of course, but maybe the customers should be the first stop.

By: new innovations

new innovations — Tue, 01 Apr 2008 22:01:37 +0000

[...] strategy for Mobile Backhaul, …http://www.centredaily.com/business/technology/story/493157.htmlBank of America partners MIT for banking research lab Courtesy of Finextra, and interesting approach by BofA to assess future innovations in Banking. I [...]

By: Ray

Ray — Tue, 01 Apr 2008 21:50:59 +0000

makes total sense to me why a Bank would go to a place like MIT to try and figure out how to invent the future of banking. They obviously need to experiment in a lab before turning any ideas into real products. Banking is becoming far to complex in a modern world to not get the best minds working on the problem. They can’t go to the traditional sources who are stuck in old world mental models about banking so teaming up with an institution known for innovative thinking seems smart to me.

Banks are more than the old Cathedral buildings and trusted website in a modern world they represent the possibility of consumer to organize their economic life.