The Bankwatch

Tracking the consumer evolution of financial services

Archive for the ‘Branchless’ Category

What you are reading about mostly, at Bankwatch


Here are the stats for the last 30 days ranked by page views for individual posts.  These stats are based on clicks to an individual post.  It won’t count those who read something on the main page.  So its directional only.

Wesabe is the clear winner by several lengths.  Other observations:

  • future oriented works for most
  • Second Life/ virtual is popular – something new and original
  • Banks without branches intrigues
2007-02-15 to Today 
Title                                                                                                Views

Wesabe leads the way in all financial services  235  More stats

How to web 2.0 your bank  163  More stats

Banks in Second Life – worth a look  105  More stats

Cashedge OAO is the tool of choice for h  85  More stats

Web 2.0 companies, versus poor old Banks  79  More stats

“Techcrunch » Blog Archive &r  70  More stats

Hostile takeover attempt in Credit Union  63  More stats

Online only Banks (branchless Banks)  59  More stats

Building the Bank of the future: you can  56  More stats

ING introduces OurVirtualHolland within     55  More stats

Wesabe – brief review of their ‘goals’ a  53  More stats

Wells Fargo enters MySpace  50  More stats

DirectHuntington – but opportunity to ex  46  More stats

Conchango suggests brand damage is Bank’  43  More stats

The end of the cash era | Economist.com  41  More stats

Rethink from Unspace  36  More stats

Bankwatch predictions – Banking 2007  34  More stats

How much does it cost to build the best   33  More stats

Credit Cards are not customer focussed  25  More stats

QR codes – we have lots to learn  22  More stats

Banks’ brands fail against Landor breaka  22  More stats

Prosper Membership Leaps to 200,000 and   21  More stats

Finextra: Lloyds TSB launches debit card  19  More stats

Saxo Bank enters Second Life  19  More stats

Evolution of the web out to 2029  17  More stats

 

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Written by Colin Henderson

March 16, 2007 at 19:52

Banks in Second Life – worth a look


Its still pretty basic stuff but after following Reuters into SL today, I rooted around and found some Bank stuff.  I couldn’t find Wells who are supposed to be there, but I’d blame my SL search capability for that.

The Reuters site was cool.  IBM have a basic careers location, that links out to their web site.

 

I’ll follow this and post more.

 

Written by Colin Henderson

February 20, 2007 at 22:00

"TNS Canadian Facts" – online banking and ATM stats 2006


 TNS have been consistently measuring since 1994.  While their numbers always look low to me, they are relevant for trend watching.

60% of Canadians online, have signed up for online banking, and 37% use online banking in the past month.  53% visited a branch, and that’s the lowest number ever as the trend goes down.

The traditional bank branch continues to lose ground in Canada as consumers conduct more day-to-day transactions at self-service banking machines (ABMs) and over the Internet, according to an annual tracking study by TNS Canadian Facts, a Toronto-based marketing research firm.

Source: Finextra: Canadian bank branches losing ground to online channels

But they make the final point about preferences that I believe is too general, and doesn’t reflect all segments.  In addition, I believe this last point is as much the failure of Banks to properly implement online services in a trusted and meaningful way that would exceed the Branch experience.

“Canadians continue to prefer to go their branch to make RSP contributions and to acquire financial products, such as new accounts and mortgages, than to do so by phone or online,” she states.

 

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Written by Colin Henderson

February 13, 2007 at 19:21

Polish online banks (branchless Bank update)


Thanks to Michael for this list.  Apart form the high level of activity the one that leapt out at me, is the Auto manufacturers Banks.  VW is here, and Toyota Bank coming soon!  Has anyone else heard about those?

  1. mBank – the first one virtual bank in Poland (XI 2000), www.mbank.com.pl, 1,26 million customers – it has about 50 multimedia kiosks (You can leave your documents; use ATM; etc) http://www.mbank.com.pl/eng/ – in english. It is going to be a Mobile virtual network operator soon!
  2. Inteligo the second largest online bank. www.inteligo.pl         Demo: www.inteligo.pl/infosite/demo/index.html
  3. VW Bank direct – www.vwbankdirect.pl – a very small online bank
  4. There will probably be the next, fourth player – Toyota Bank online
    (the first-ever Toyota online bank!)

Polish online banking market is very large now. Every bank has two-
factor authentication (tokens, SMS, transactional access numbers (TAN))

Again, please note I have linked to the branchless bank list in the sidebar, under Bank of the Future.

 

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Written by Colin Henderson

December 1, 2006 at 08:18

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