What would happen if you took the creativity and user-focused design sensibility of Silicon Valley and applied it to one of the least consumer-friendly industries on the planet - financial services?
If we had a legal entity identifier in place computers would have been capable of aggregating the risk exposures building up in JPMorgan's hedged positions and across its many counterparties.
The role of technology has been a primary feature of recent financial gains and disruptions. As it grows we'll see increased volatility, a greater need for real-time economic assessments and more calls for transparency.
Personal financial management software must deliver real value to banks, not just consumers. Just saying PFM increases customer loyalty doesn't cut it. The value proposition has to be more attractive given the revenue pressures banks face today.
Having established the viability and popularity of virtual currencies, and with the major financial players now involved, the next step is monetization.
The social network just wants to know everything about the consumer. Payments happen to be the best way for people to show they really "like" a product.
Few managers manage costs. Instead, they manage the elements around cost, such as headcount. That never illuminates how work can be done differently to create permanent operating efficiencies.
