Will Facebook kill the US Dollar?
According to current statistics, Facebook has more than 2.375 billion active users, 59% of whom use it everyday. 1 billion of these users interact via mobile daily, and most of the top sites in the world are integrated with Facebook. The social networking service will soon launch its own cryptocurrency: Libra.
- 05/11/2019
- 6
If You Think Social Media is about ROI, You'll be Disappointed
Thankfully, I think we are almost at the point of having serious conversations about how social media can be utilized in most organizations, rather than still asking the question “Is Social Media just a fad?”. However, there are some massive misconceptions on what social media will do for the organization. As a result, often we aren’t even hiring the right skills today to build a competent social media presence. We’re also looking to measure social media in a way we measure other marketing initiatives, channels, advertising campaigns and media, but social media is neither a channel, marketing, media or simply an initiative.
- 04/11/2019
- 5
The Perfect Storm to Ring an End to Cash
I’ve been at the E-Money, Cards and Payments conference a few years ago. Coming off the back of SIBOS it is quite interesting to have a discussion not just about payments, but around modality and the emergence of strong mobile payments methodologies and practices. We already know that checks/cheques are in terminal decline, but when you bring up the ‘end of cash’ this gets a great deal of emotive responses or general disbelief that this is possible. It is becoming quite clear, however, that regardless of the emotion and habitual systemic behavior there is an number of issues that are combining to create a critical decision point for governments, regulators and the banking community to get actively behind the removal of cash from the system. Here are some highlights:
- 28/10/2019
- 6
Who Killed Trust in Banking, and When Does it Return?
During the global financial crisis, governments spent billions to bail out banks in an effort to keep liquidity in the banking sector, largely so that lending could continue at a time when businesses needed as much help as they could get. However, in a financial crisis when the economy is in recession, it is counter-intuitive for a bank to lend money to customers who might get into further trouble. So the bail out didn’t work in stimulating the economy the way it was intended. The autopilot ‘internal’ risk function kicked in and prevented it from doing so.
- 10/10/2019
- 6
Information Age: Too Much Content Dealing with the Flood
There has been much discussion about the impact of the so-called “information age”. Prior to 2003 it has been said that throughout history mankind had generated a sum total of 5 Exabyte’s of content up to that year. Today it is estimated we generate this amount of content measured in days.
- 23/09/2019
- 5
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