Categories
Mindset

Douglas Adams on Banking in 1997 : Algorithm Race in Retail Banking

Douglas Adams describing Algorithmic Retail Banking in 1997. So much in line with these 2 posts I wrote – Next: Algorithmic Banking and Should people manage their bank accounts? No!

Starts 17 minutes in.

Interview with the late Douglas Adams speaking about artificial life from Andy Taplin on Vimeo.

Wow!

Categories
Mindset Personal Finance

World Usability Day 2012 – Financial Services

I had the opportunity to present in Geneva for World Usability Day. Here is the Prezi of my talk, unfortunately not recorded. This is a summary of some of my previous posts in Usability in online banking and why using Accounting design as the framework for usability is wrong.

 

 

The second presentation was a summary of a study made by Telono on the Mortgage Calculators in various Swiss Bank websites. Here is a quick video extract. The person on the left is tasked with finding the Mortgage Calculator. 0:11 is priceless.

Apologizes for the really bad framing

Categories
Market Watch Payments Personal Finance

Square: from Dongle to Domination

I had the opportunity to write an opinion/profile of Square for the SIBOS edition of Informilo:

Here is the introduction and link to the full piece:

“In 2008, glass blower James McKelvey was unable to complete a $2,ooo sale of his glassware because a customer could only pay by credit card. Frustrated, he discussed this with a friend, Jack Dorsey, the founder of Twitter. By the summer of 2009, Dorsey had prototyped a dongle and soon after, Square launched as a payments start-up targeting mainly the unservied micro-merchant space.

Fast forward to 2012. Square’s recent capital raise of $200 million implies a $3.25 billion valuation. Its valuation quadrupled between January and June 2011 and then doubled over the past year. This latest capital raise implies around 30x – 40x estimated revenue. In contrast, payment companies tend to be valued between 3x and 5x revenue multiples. What does this mean for the industry?” …

Full content here  Let me know your feedback in the comments.