The Bankwatch

Tracking the consumer evolution of financial services

Archive for the ‘Uncategorized’ Category

Test Post 3 – final


I have had the hardest time locating a blog tool for Mac. it has been a struggle for 5 years.  This is my latest try.  it has potential.  Cannot paste pics but able to use insert.

Written by Colin Henderson

November 27, 2017 at 00:28

Posted in Uncategorized

Test post 2


 

added text

Written by Colin Henderson

November 26, 2017 at 23:40

Posted in Uncategorized

Test post


 

I am trying out a new blog tool.  Pls disregard.

 

 

lorum Ipsum

test in quotes

 

bullets

  • item 1 
  • item 2
  • item n
  • item test 2

 

Written by Colin Henderson

November 26, 2017 at 23:31

Posted in Uncategorized

Deutsche admits defeat on retaining large traditional branch network


The turnaround from just yesterday from Deutsche is telling. One day they were to sell Postbank and today that idea is gone. In 2007 Postbank adherence to the branch concept was clear. No more.

Finextra

Deutsche Bank has abandoned plans to sell its consumer banking unit Postbank and will instead embark on a massive integration project, rationalising technology platforms and running up a EUR1 bill on restructuring and severance costs.

The combined bank will serve over 20 million customers in Europe’s largest economy, 10 million of which are already using digital offerings.

Today the shift away from branches that began with Barclays and other UK banks 8 years ago has finally taken hold. The idea of a large bank being branchless is no longer a dream. There are many banks using the concept of shift to sales offices as a teaser, but the reality is that the traditional $1 million + branch with tellers, cash and vault infrastructure is now defunct.

In 2006 Jim Bruene, founder of Online Banking Report wrote this report. It has indeed been a long time coming but it is happening now.

Written by Colin Henderson

March 6, 2017 at 23:54

Posted in Uncategorized

International agreements which guarantee certain economic minima to the world population – 1964 Rand


Ben Evans has a post entitled “Asking the wrong questions” looks back at predictions from Rand. In particular a report from 1964 has several predictions, but this one, off the radar, caught my eye on the inaguration of Donald Trump.

I am not going political here. Just looking at facts. Rand predicted automation would result in economic diparity and assumed we would be smart enough to work together to ensure people would not suffer as a result.

Is this not the populist message?

Written by Colin Henderson

January 21, 2017 at 00:40

Posted in Uncategorized

“We are, in the simplest terms, a subscription-first business” NY Times


With that statement the NY Times in a 2020 strategy statement prove they at least understand that the days of newspaper survival on advertising are gone.

The final paragraph in the introduction has three telling actions still required:

For The Times to become an even more attractive destination to readers — and to maintain and strengthen its position in the years ahead — three broad areas of change are necessary. Our report must change. Our staff must change. And the way we work must change.

I still believe in (online) newspaper organisations with quality reporters for obtaining real news, but it is a small group that I rely on, and maybe NY Times are going to make it. (others are Financial Times, Economist)

Written by Colin Henderson

January 19, 2017 at 22:43

Posted in Uncategorized

Facebook fake news is not new


This is the thin edge of the wedge that goes way deeper.

Back in 2006 the Walmart fake marketing situation erupted. The basic theme goes back to the “on the internet nobody knows you are a dog”. You can say anything with conviction and supposed analysis and it must be true because it is there on the internet.

Now there is an even deeper school of thought that this is not new, and that marketing has always been this way.

However the adoption of technology with the complete absorption by a whole new demographic means fake news becomes real news. We have a rapid ignoring of MSM by all generations.

However I am not sure that it is any worse than it has ever been with biased opinion-ed comments in MSM. But Facebook is more pervasive and visible, and all problems point to Mark. That does make this a new problem.

Now, having said all that the talking points that Mark outlines below are frankly useless. For example the reference to fact checking is just that … a reference.

I publish this blog and I post periodically, much less than before due to actual work matters but it is here and it is me. The people who read my blog have some interest in banking technology. Whereas Facebook et al have the problem of talking to everyone with varied interests.

This is an extreme comparison but it highlights the problem Facebook faces. It is possible to become so large that you influence such a large group which was never expected. How do you manage that.

 

 

 

__________

Mark Zuckerberg
November 19 at 1:15am ·
A lot of you have asked what we’re doing about misinformation, so I wanted to give an update.
The bottom line is: we take misinformation seriously. Our goal is to connect people with the stories they find most meaningful, and we know people want accurate information. We’ve been working on this problem for a long time and we take this responsibility seriously. We’ve made significant progress, but there is more work to be done.
Historically, we have relied on our community to help us understand what is fake and what is not. Anyone on Facebook can report any link as false, and we use signals from those reports along with a number of others — like people sharing links to myth-busting sites such as Snopes — to understand which stories we can confidently classify as misinformation. Similar to clickbait, spam and scams, we penalize this content in News Feed so it’s much less likely to spread.
The problems here are complex, both technically and philosophically. We believe in giving people a voice, which means erring on the side of letting people share what they want whenever possible. We need to be careful not to discourage sharing of opinions or to mistakenly restrict accurate content. We do not want to be arbiters of truth ourselves, but instead rely on our community and trusted third parties.
While the percentage of misinformation is relatively small, we have much more work ahead on our roadmap. Normally we wouldn’t share specifics about our work in progress, but given the importance of these issues and the amount of interest in this topic, I want to outline some of the projects we already have underway:
– Stronger detection. The most important thing we can do is improve our ability to classify misinformation. This means better technical systems to detect what people will flag as false before they do it themselves.
– Easy reporting. Making it much easier for people to report stories as fake will help us catch more misinformation faster.
– Third party verification. There are many respected fact checking organizations and, while we have reached out to some, we plan to learn from many more.
– Warnings. We are exploring labeling stories that have been flagged as false by third parties or our community, and showing warnings when people read or share them.
– Related articles quality. We are raising the bar for stories that appear in related articles under links in News Feed.
– Disrupting fake news economics. A lot of misinformation is driven by financially motivated spam. We’re looking into disrupting the economics with ads policies like the one we announced earlier this week, and better ad farm detection.
– Listening. We will continue to work with journalists and others in the news industry to get their input, in particular, to better understand their fact checking systems and learn from them.
Some of these ideas will work well, and some will not. But I want you to know that we have always taken this seriously, we understand how important the issue is for our community and we are committed to getting this right.
A lot of you have asked what we’re doing about misinformation, so I wanted to give an update.
The bottom line is: we take misinformation seriously. Our goal is to connect people with the stories they find most meaningful, and we know people want accurate information. We’ve been working on this problem for a long time and we take this responsibility seriously. We’ve made significant progress, but there is more work to be done.
Historically, we have relied on our community to help us understand what is fake and what is not. Anyone on Facebook can report any link as false, and we use signals from those reports along with a number of others — like people sharing links to myth-busting sites such as Snopes — to understand which stories we can confidently classify as misinformation. Similar to clickbait, spam and scams, we penalize this content in News Feed so it’s much less likely to spread.
The problems here are complex, both technically and philosophically. We believe in giving people a voice, which means erring on the side of letting people share what they want whenever possible. We need to be careful not to discourage sharing of opinions or to mistakenly restrict accurate content. We do not want to be arbiters of truth ourselves, but instead rely on our community and trusted third parties.
While the percentage of misinformation is relatively small, we have much more work ahead on our roadmap. Normally we wouldn’t share specifics about our work in progress, but given the importance of these issues and the amount of interest in this topic, I want to outline some of the projects we already have underway:
– Stronger detection. The most important thing we can do is improve our ability to classify misinformation. This means better technical systems to detect what people will flag as false before they do it themselves.
– Easy reporting. Making it much easier for people to report stories as fake will help us catch more misinformation faster.
– Third party verification. There are many respected fact checking organizations and, while we have reached out to some, we plan to learn from many more.
– Warnings. We are exploring labeling stories that have been flagged as false by third parties or our community, and showing warnings when people read or share them.
– Related articles quality. We are raising the bar for stories that appear in related articles under links in News Feed.
– Disrupting fake news economics. A lot of misinformation is driven by financially motivated spam. We’re looking into disrupting the economics with ads policies like the one we announced earlier this week, and better ad farm detection.
– Listening. We will continue to work with journalists and others in the news industry to get their input, in particular, to better understand their fact checking systems and learn from them.
Some of these ideas will work well, and some will not. But I want you to know that we have always taken this seriously, we understand how important the issue is for our community and we are committed to getting this right.

Written by Colin Henderson

November 21, 2016 at 01:33

Posted in Uncategorized

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