Comments on: The Great Unwinding | part 3 of 3: The state of innovation in financial services http://thebankwatch.com/2009/02/06/the-great-unwinding-part-3-of-3-the-state-of-innovation-in-financial-services/ Tracking the evolution of financial services Sat, 26 May 2012 18:05:32 +0000 hourly 1 http://wordpress.com/ By: “Every transaction uploaded makes Wesabe smarter” | now banks’ are beginning to recognise that value « The Bankwatch http://thebankwatch.com/2009/02/06/the-great-unwinding-part-3-of-3-the-state-of-innovation-in-financial-services/#comment-27123 Wed, 18 Mar 2009 03:59:53 +0000 http://bankwatch.wordpress.com/2009/02/06/the-great-unwinding-part-3-of-3-the-state-of-innovation-in-financial-services/#comment-27123 [...] I wrote up The Great Unwinding one of the conclusions on outcomes of the banking crisis was the return of ‘back to basics’ [...]

]]> By: Colin http://thebankwatch.com/2009/02/06/the-great-unwinding-part-3-of-3-the-state-of-innovation-in-financial-services/#comment-26924 Sun, 22 Feb 2009 05:31:51 +0000 http://bankwatch.wordpress.com/2009/02/06/the-great-unwinding-part-3-of-3-the-state-of-innovation-in-financial-services/#comment-26924 Thats a good point Andrew, and I share your perspective. Mobile ought not to be checking your balance – rather it needs imho to be focussed on transactions and immediacy. If a customer is located at Church & Bloor the bank could know that and be surprised at a debit transaction at BayView and Eglinton. There is so much potential from geo, real time, transactions and mobile.

]]> By: Andrew http://thebankwatch.com/2009/02/06/the-great-unwinding-part-3-of-3-the-state-of-innovation-in-financial-services/#comment-26900 Wed, 18 Feb 2009 05:44:58 +0000 http://bankwatch.wordpress.com/2009/02/06/the-great-unwinding-part-3-of-3-the-state-of-innovation-in-financial-services/#comment-26900 Regarding your comment about Finovate 2009, “mobile is under represented”… that may be the case for this year’s conference, but if anything, mobile has been OVER-represented in past Finovate events (2007, 2008). I attended both, and you can only sit through so many [bad] demos of a guy checking his account balance and paying his heating bill through his mobile phone before you want to shoot yourself in the head. It’s just not that compelling.

That said, I would love to see something truly innovative in the mobile space (beam me $5, Scotty?). Until someone comes up with it, though, I’ll be happy for the dearth of mobile companies at Finovate.

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