Comments on: The Future of Banking http://futurebanking.bankofamerica.com/future-banking_761 Future Banking Blog Tue, 24 Nov 2009 21:12:31 +0000 http://wordpress.org/?v=2.6.3 By: chinch kabel http://futurebanking.bankofamerica.com/future-banking_761#comment-3301 chinch kabel Tue, 22 Sep 2009 10:49:32 +0000 http://futurebanking.bankofamerica.com/?p=761#comment-3301 "Banking, especially cartelized banking, has become a super sized menace as we all know." Whatever evil intent the bank sters may have had seems to have become a moot point. The system has spiraled out of their control; out of anyone's control. I imagine the bankster's are now in the same boat as their previous prey and pondering the exact same questions. What's the future system and how do I act to survive/thrive in it? Given their past errors I wouldn't hold any more faith in their forecasting than I do in mine. Sustainable industry investing looks good so long as people behave lawfully. Little can be built without that foundation. “Banking, especially cartelized banking, has become a super sized menace as we all know.”

Whatever evil intent the bank sters may have had seems to have become a moot point. The system has spiraled out of their control; out of anyone’s control.

I imagine the bankster’s are now in the same boat as their previous prey and pondering the exact same questions. What’s the future system and how do I act to survive/thrive in it? Given their past errors I wouldn’t hold any more faith in their forecasting than I do in mine.

Sustainable industry investing looks good so long as people behave lawfully. Little can be built without that foundation.

]]> By: animation tutorials http://futurebanking.bankofamerica.com/future-banking_761#comment-3287 animation tutorials Mon, 21 Sep 2009 11:26:02 +0000 http://futurebanking.bankofamerica.com/?p=761#comment-3287 The study forecasts trends in banking for a unique insight into the competitive forces that bankers will face in the next 10 years. It highlights the emerging business and technology innovations and societal trends that will propel and shape the industry’s transformation. The study forecasts trends in banking for a unique insight into the competitive forces that bankers will face in the next 10 years. It highlights the emerging business and technology innovations and societal trends that will propel and shape the industry’s transformation.

]]> By: Arman http://futurebanking.bankofamerica.com/future-banking_761#comment-138 Arman Thu, 19 Feb 2009 14:24:26 +0000 http://futurebanking.bankofamerica.com/?p=761#comment-138 Thanks for your informative article, I am much interested to read about the technical side of the future banks. Thanks for your informative article, I am much interested to read about the technical side of the future banks.

]]> By: Rockon http://futurebanking.bankofamerica.com/future-banking_761#comment-136 Rockon Thu, 19 Feb 2009 13:23:08 +0000 http://futurebanking.bankofamerica.com/?p=761#comment-136 If someone attched to a telecom or website they will like to see and design the future of banking from their own perspective.The vision is bold — the execution will demand risks that I hope are palatable to leadership that has been through — and has yet to emerge from — a tremendous battle.  In adversity, opportunity is presented.  What better time to rethink banking altogether; to listen to customers; to lead with paradigm-busting concepts?  As you say, we have to look no further than the computers we are fully dependent on for an example of the unthinkable becoming so ingrained in our lives and our work that we can’t remember how we functioned before.  Change is possible; necessary and oxygen-producing. If someone attched to a telecom or website they will like to see and design the future of banking from their own perspective.The vision is bold — the execution will demand risks that I hope are palatable to leadership that has been through — and has yet to emerge from — a tremendous battle.  In adversity, opportunity is presented.  What better time to rethink banking altogether; to listen to customers; to lead with paradigm-busting concepts?  As you say, we have to look no further than the computers we are fully dependent on for an example of the unthinkable becoming so ingrained in our lives and our work that we can’t remember how we functioned before.  Change is possible; necessary and oxygen-producing.

]]> By: KarenO http://futurebanking.bankofamerica.com/future-banking_761#comment-126 KarenO Wed, 11 Feb 2009 16:45:20 +0000 http://futurebanking.bankofamerica.com/?p=761#comment-126 The vision is bold -- the execution will demand risks that I hope are palatable to leadership that has been through -- and has yet to emerge from -- a tremendous battle.  In adversity, opportunity is presented.  What better time to rethink banking altogether; to listen to customers; to lead with paradigm-busting concepts?  As you say, we have to look no further than the computers we are fully dependent on for an example of the unthinkable becoming so ingrained in our lives and our work that we can't remember how we functioned before.  Change is possible; necessary and oxygen-producing.  This project has the potential to reinvent banking at a time when banking needs to be reinvented.  The tools are in place, the energy is there.  A disillusioned public eagerly awaits the outcomes! The vision is bold — the execution will demand risks that I hope are palatable to leadership that has been through — and has yet to emerge from — a tremendous battle.  In adversity, opportunity is presented.  What better time to rethink banking altogether; to listen to customers; to lead with paradigm-busting concepts?  As you say, we have to look no further than the computers we are fully dependent on for an example of the unthinkable becoming so ingrained in our lives and our work that we can’t remember how we functioned before.  Change is possible; necessary and oxygen-producing.  This project has the potential to reinvent banking at a time when banking needs to be reinvented.  The tools are in place, the energy is there.  A disillusioned public eagerly awaits the outcomes!

]]> By: Prashanth Bhat http://futurebanking.bankofamerica.com/future-banking_761#comment-124 Prashanth Bhat Wed, 11 Feb 2009 13:31:28 +0000 http://futurebanking.bankofamerica.com/?p=761#comment-124 Convergence is the key, the key to simplicity, the key to clarity, the key to transparency, the key to building long term trust. In the turbulent times you want to keep it close, keep it simple, both for a bank and customer. A platform that can feed all the delicacies effortlessly into a single plate would be pleasure for a customer than a buffet party. The same is the case for the bank, the manager who can see what the customer has taken by looking at a single plate than tracking the customer pulling out multiple plates and sitting in multiple locations in a buffet party.   Convergence is the key, the key to simplicity, the key to clarity, the key to transparency, the key to building long term trust. In the turbulent times you want to keep it close, keep it simple, both for a bank and customer. A platform that can feed all the delicacies effortlessly into a single plate would be pleasure for a customer than a buffet party. The same is the case for the bank, the manager who can see what the customer has taken by looking at a single plate than tracking the customer pulling out multiple plates and sitting in multiple locations in a buffet party.  

]]> By: Nilesh http://futurebanking.bankofamerica.com/future-banking_761#comment-123 Nilesh Wed, 11 Feb 2009 08:16:03 +0000 http://futurebanking.bankofamerica.com/?p=761#comment-123 If someone attached to a bank, as in your case  tries to see and design the future of banking it will be from bank's perspective. If someone attched to a telecom or website they will like to see and design the future of banking from their own perspective. But the regulatory authorities and the governments fearing the loss of control will always try to control the future of banking to suit their presence; in some cases (control anti money laundering, nations economy, where the actually money is going, whether actual currency is getting sidelined) correctly and in some cases ( to have their importance, to control the geo-political environments etc) incorrectly. So I really have question whether genuine efforts/tries in this direction will get encouraged and nurtured or they will be killed at the smell of a danger by surrounding industries or the regulators. If someone attached to a bank, as in your case  tries to see and design the future of banking it will be from bank’s perspective.
If someone attched to a telecom or website they will like to see and design the future of banking from their own perspective.
But the regulatory authorities and the governments fearing the loss of control will always try to control the future of banking to suit their presence; in some cases (control anti money laundering, nations economy, where the actually money is going, whether actual currency is getting sidelined) correctly and in some cases ( to have their importance, to control the geo-political environments etc) incorrectly.
So I really have question whether genuine efforts/tries in this direction will get encouraged and nurtured or they will be killed at the smell of a danger by surrounding industries or the regulators.

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