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waste_money

Complexity Reduction through waste management

Yes. Complexity Reduction can be achieved in banking industry through adoption of Financial Technology. Normally wastes can occur in both hardware and software. For the purpose of this discussion, we shall focus only on software wastes. Financial...
slim_wallets

I would love ‘slim’ wallets

Here goes my Idea Number 1 for Innovation My wallet ordinarily contains wad of currency notes (not more than ten pieces at a time), just one foreign currency coin (I like the design of Japanese 50 yen coin) though it is not a legal tender in...
counterparty

Rules for FINOVATION

Setting:  Then: 21st Jan 2008 – Steve Jobs of Apple unveils ‘the world’s thinnest laptop computer” the MacBook Air. Jobs further illustrates just how thin Apple’s ‘thinovation’ by slipping it out of a common interoffice envelope....
se

Strategies for Stock exchanges to succeed

Setting: According to Chris Skinner “There’s plenty of innovation in banking right now, from investment through commercial to retail banking. ………… But some innovators create new business models at the expense of the incumbents...
investment

New business model for financial technology

We all know the time tested investment trick and guidance to make extraordinary gains. “You don’t get rewarded for buying assets that are loved and expected by all to do really well. Good old contrarian investing has much merit.” Traditionally...
money arrow

It is wrong to attribute financial crises to innovation

Blaming the financial innovation for the recent financial crises was the least thing I expected from a person none other than Lord Turner, Chairman of the Financial Services Authority of the UK. (Financial Times 16th Feb 2010) In his speech...
cc

UniCards and eKards

Setting At present, banks issue separate credit cards and debit cards to their chosen customers. If a customer were to bank with three different banks (which is the ‘normal’ thing these days), the customer would end up holding six different...
mobile

Mobile cards in the place of plastic cards

You may agree, anything connected with mobile instrument is virtually a craze in the market place. It all started with mobile phones. They almost killed the thriving landline or fixed phone industry. Even today the landline/fixed phone industry...
echeck_sample

eChecks to replace paper checks

Setting: In Dec 2009, UK’s Payments Council has decreed that Cheques will be phased out  by October 31st 2018 as paper cheques are in long term terminal decline. The Council has decided the time is ripe for the economy as a whole to reap...
random-thoughts-blog

Unconventional thoughts

I sympathize with the present day inventors who claim great inventions. Their so called great inventions do not see the light of the day, after they announce over the media. I have some questions to ask. – What went wrong with such inventors...