Banker 2.0

Martijn Kriens — Wed, 08 Apr 2009 07:08:51 +0000

Recently Hans Wortmann and me have given a presentation in Amsterdam for the Holland Financial Centre (HFC). Subject of this presentation was (of course) the development of SaaS in relation to the financial Sector. ICT is very much undervalued in the financial sector. Even though financial institutions spend considerably amount of money on IT it seldom is used strategically in practice. Robin Fransman, deputy director of HFC, showed this clearly by pointing out that the wordt ICT is only mentioned once in the working plan for the HFC for 2008/2009. This funny enough to everyone’s surprise!

In the presentation (that you can find here) we showed many examples how ICT in general and SaaS in particular will change the banking sector significantly in the coming years. For example, Google already has a banking licence in the Netherlands…

The presentation changed into a lively and interesting discussion with the the audiance. The general feeling was that financial institutions really should be more aware of the strategic possibilities (and competitive dangers) of ICT. At the moment we are working an a way, together with HFC, to keep that discussion going.

You can find the presentation here.

Eff V1 R0

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Google bank

Martijn Kriens — Sun, 23 Nov 2008 22:04:52 +0000

Banks are of course very much the focus of the news these days. One of the interesting news items a journalist found out is that Google already has a banking license in the Netherlands. Bank are potentially one of the sectors that will change a lot because of business possibilities that a technology like SaaS will enable. Competition will come from completely new sectors because they are better at reaching the market or using the “intelligence of crowds”.

While searching a little further I found this blog post from Jeff Jarvis where he is asking for examples of bank services that Google would be very good at. Examples are peer to peer lending, more transparency around transactions in stocks, open source platforms to increase functionality (E-invoices anyone?).

In a way Google checkout and it’s competitor PayPal are already on the move. In my view banks really have to start thinking on how to really innovate their processes through which they create value for their customers.

IIP-SaaS » banking

Banker 2.0

Google bank