The Bankwatch

Tracking the consumer evolution of financial services

Sub title is too limiting for the blog – need new ideas

“Which banks get the web lifestyle”.  This tagline is becoming tired.  Since I began this blog the tagline was my simplistic way of maintaining focus and relevance for the posts.  In effect it was my filter for posts and helped me determine what was in and what was out.   It may seem minor, but becomes important to me to manage how and what I think about., and therefore write about.

Over the last few years two forces have changed things;  the credit/ banking/ economic crisis for one, and the impact that is having on banks corporate ownership and structure – eg can we expect a nationalised financial utility to innovate?  What might be the nature of that innovation?  Tied to that is the criticality of non banks to the provision of what were banking services.

The other is the advent of a pervasive internet;  implicit in the view of web lifestyle was the idea that change is brought about by internet, and therefore requires a shift in strategy to accommodate.  When I began the blog I simplistically believed it was just a matter of time.  No more.  It is now a matter of who will revisit their entire business model (to survive and grow) or not (and fail).  I read and think about Umair Haque and his views of business models or Barry Schwarz on wisdom, or the pragmatic Niall Ferguson on de-leveraging – when we overlay those thinkers ideas on banks, one cannot be left with any impression other than this can never be business as usual.

Anyhow, the outcome of those effects is to elevate the things I think about to:

  1. financial services, not just banks
  2. innovation and business models, not just web lifestyle

That suggests a tagline that replaces banks with financial services, and web lifestyle with something like innovation or a better business model.  So a working new tagline might be:

Who will be the winners in financial services?

As always input sought and welcomed.

Written by Colin Henderson

February 16, 2009 at 16:34

Posted in Uncategorized

7 Responses

Subscribe to comments with RSS.

  1. How about “Tracking the adaptation of financial institutions”


    February 16, 2009 at 17:17

  2. @covert …. I like the concept in that. Thanks!


    February 16, 2009 at 19:29

  3. I like Covert’s choice as well with these slight changes.


    Tracking the evolution of financial institutions


    Tracking the demise of financial institutions


    John MacAllister

    February 17, 2009 at 13:58

  4. Thanks John …. I would like to stray on the optimistic side of the fence – we have enough doom and gloom 🙂


    February 17, 2009 at 22:34

  5. Colin,

    Well, you know how old consultants work; cover both sides of the street because the money spends equally well. Old habits die hard.


    John MacAllister

    February 18, 2009 at 18:04

  6. I guess “Online Banking FTW” isn’t on then? 🙂

    Dan Dickinson

    February 20, 2009 at 17:22

  7. @Dan – thats so 1999 🙂


    February 21, 2009 at 00:43

Comments are closed.

%d bloggers like this: