GLG News by Mr. Ronald Ingram, Director of Product Management
GLG News is now G+ Insights
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G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.
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Bank of Innovation: What would it look like to you? Part II
July 24, 2011
A New Bank and Bank Model: A Bank of Innovation: What would it look like to you? | by.optimost.com
Continuing from my prior post of the future of banking and bank innovation...P2P lending may be the next big thing in banking; however, the business model and platform introduced by Zopa and Prosper, even though copied by more than forty companies around the world, (http://www.glgroup.com/News/The-P2P-Lending-Landscape-51458.html) is not workable for banks in its current form.
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A New Bank and Bank Model: A Bank of Innovation: What would it look like to you?
July 22, 2011
A New Bank and Bank Model: A Bank of Innovation: What would it look like to you? | www.gplus.com
The bank of the future looks like no bank at all. A convergence of emerging technologies, as follows, will enable a future form of bank that will be a bank in name and regulation only. The bank of the future looks like no bank at all. A convergence of emerging technologies, as follows, will enable a future form of bank that will be a bank in name and regulation only:
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2011 Startup WingCash – The Next Generation of Money?
January 1, 2011
New Digital Currency: Send Coins and Bills on the Internet without Fees | wingcash.com
ProPay Founder, Bradley Wilkes started the WingCash beta in South Carolina December 21, 2010. WingCash is a Salt Lake City, UT based payment technology startup described as “a simple way to send and receive cash on the internet”. WingCash offers merchants a means of accepting electronic currency without risk of charge-backs or interchange costs. Unlike checks and ACH, WingCash is irrevocable.
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November 11, 2010
P2P Lending Service Aqush Raises Capital from VC Fund 500 Startup | www.wiseclerk.com
In January 2010 Gartner predicted lending volume of 5 billion US$ would be achieved by P2P Lenders in 2013 and recommended that banks begin seeking to enter the space through partnerships with existing P2P lending companies. Leading venture capitalists have invested hundreds of millions in various P2P lending models and investment even through the recent recession continues. Japanese start-up Aqush is the latest to be funded and more are on the horizon.
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Amazon's Core Book Business is Vulnerable to iBook, iPad, iTunes Bundle
July 27, 2010
Tablet Wars: Amazon vs. Apple | www.fool.com
The article indicates that digital book sales are overtaking paper. The adoption of digital books represents an opportunity for Apple and a significant threat to Amazon. Today Amazon has the largest selection of books but digital inventory management, shipping etc. is cheap. The iBook has prime real estate on the iPad and the fastest most convenient digital check-out process. iPad's come with iBooks preinstalled. If customers find what they want they won't buy from Amazon.
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Sea Change for Western Union with Hikmet Ersek at the Helm?
June 28, 2010
Western Union to streamline its management structure, cut 175 jobs | denver.bizjournals.com
Three years ago I was alone in expressing concerns about Western Union. Since then WU has lost more than 1/3rd of its value. Recently Hikmet, WU's incoming CEO cleaned the slate, purging the old guard at WU. This may be setting the stage for the type of drastic change needed to revive innovation at this venerable old company. Hikmet has made a bold opening move - now what?
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June 4, 2010
Amazon Misses Its Target | www.fool.com
The article suggests Target is late to the party with Amazon's Kindle distribution agreement. While extra distribution may help Amazon short-term the article suggests it may be at Target's expense; also, the article suggests consumers may wonder why Target is stocking older Kindles instead of iPad's or one of the many new lower cost eReaders by Sony et al.
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iPad the Kindle Killer - Undermines Amazon and Opens New Markets for Apple
June 1, 2010
Apple strikes again: Lines form for the new iPad | finance.yahoo.com
The iPad could kill Kindle and undermine Amazon ebook sales. Apple poses longterm threats to Amazon's core business with iTunes, App Store, iBook Store and potential Apple payment technology innovations already in development. Apple is well positioned to profit from payment technology innovations, digital advertising and an expansion of online "stores" and marketplaces embedded in an expanding web of apps and devices.
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Facebook Is This A Face You Would Trust With Your Money?
May 26, 2010
Payvment raises $1.5 million to build shopping experiences on Facebook | social.venturebeat.com
An adage.com article speculates that a commercial Facebook market place or "shopping mall" could challenge Amazon and eBay or even incubate a new digital currency. A recent Payvment announcement indicates Facebook is making moves to become more involved in the financial life of their users but through partnerships not direct digital commerce plays.
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MasterCard Answers PayPal X with Open API
May 25, 2010
MasterCard Wants Programmers to Use Its Payment Technology | bits.blogs.nytimes.com
Last week my comments that Visa and/or MasterCard needed a competitive response to PayPal X proved to presage an article published in the New York Times retweeted to me by MasterCard this morning.
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Paypal, Visa, MasterCard Threaten Western Union Money Transfer Legacy
May 20, 2010
AS LOW AS $1.50 U.S. TO SEND $300 U.S. TO COUNTRIES LIKE MEXICO | www.paypal.com
The Western Union Company has growing competition. Why pay $30 dollars or more to send money overseas when you can do it with Ebay's Paypal for as little as $0? MasterCard and Visa also have potentially disruptive remittance solutions in the works that facilitate direct instant transfer between card holders domestically and internationally in a rapidly growing number of countries.
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MasterCard Market Place - Threat to eBay, Opportunity for Apple?
May 19, 2010
Google Search Watch: MasterCard Shopping Site Takes Off | blogs.forbes.com
MasterCard has launched an online market place for MasterCard holders, called the... MarketPlace. While the name may not be original this article claims the MarketPlace is catching on. While the industry has focused on Visa's acquisition of Cybersource as a competitive response to eBay's Paypal in fact MasterCard's MarketPlace would appear to be by far the most direct competitive response. ...and a payment patent application by Apple may indicate more competition ahead.
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Sudden Drop May Create Interesting Visa, Amex and eBay Trading Opportunities
May 18, 2010
Congress Drops an Axe on the Credit Card Industry | www.fool.com
Visa has dropped more than 10% in two days. More than Amex or MasterCard. Some investor sites attribute Visa's drop to potential restrictions on interchange fees.
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The 5Cs of Credit, P2P Lending, Social Lending, Self-Directed Lending
November 11, 2009
BlackRock's Fink: Forget 'Bubble' | online.wsj.com
Laurence Fink, Chairman and CEO of BlackRock Inc. in response to questions about bank failures and economic conditions suggested today that; “…the financial system needs to be a lot more responsive to society and make sure this doesn't happen again. Risk has to be a lot more transparent to investors. I think that is happening."; and, “the financial system needs change, including increased disclosure, more derivatives trading on exchanges and regulatory change…". But what about the 5Cs of credit?
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Financial Services Innovation and New Credit Sources Impeded by Regulation in the US
April 5, 2009
Where Credit Still Flows | www.forbes.com
Demand for credit has never been stronger. With government support P2P or "Social Lending" has the potential to improve the efficiency of credit markets and demonstrate US leadership in financial services innovation. The US is behind the curve in P2P lending innovation and losing ground due to the distraction and high cost of regulatory compliance. At a time when billions are being pumped into ailing banks government needs to find a way to encourage social lending. Improved regulation may unlock a wave of new credit options and provide economic stimulus at the grass root level. Conceptually Social Lending and P2P financial models makes sense for consumers, business and the greater economic good of nations; however, the effort to wedge P2P loan models into existing regulatory frameworks continues to impede American financial innovation.
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May 2, 2008
First Data Gets Major Retail Prepaid Distribution with InComm Deal | www.digitaltransactions.net
Visa's IPO was the largest in history and payment companies like Global Payment Sytems (GPN) and First Data are rising along with the tide. FDC’s choice of Incomm is likely a positive indicator of things to come. Who is the next Incomm? How will the Incomm acquisition affect the valuation of payment card processors, card acquirers, issuers, closed loop and open loop gift, debit, credit and General Purpose Reloadable (GPR) prepaid card plays? undefined undefined
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Depositor Panic Triggers Run on UK Bank, Over Leveraged Banks at Risk
September 17, 2007
Police called to break-up Northern Rock panic queues as customers withdraw millions | www.thisislondon.co.uk
Police were called to manage crowds in the UK this morning as depositors lost confidence in Northern Rock and attempted to withdaw funds en masse. Depositor concerns are believed to relate to weak loan to deposit ratios and fears about exposure to subprime mortgages. Banks mentioned among the most highly levered include Northern Rock, Alliance and Leicester, HBoS and Bradford and Bingley. Lloyds TSB, Royal Bank of Scotlad, Barclays and HSBC are shown to be in a much better position. If concerns escalate to panic this will seriously impair money supply and weaken the economy of the UK with potential spill over into other markets if the panic spreads.
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Western Union: Threat of New Entrants and Technology Means More Turbulence Ahead
August 1, 2007
Western Union Drops After Verizon Announces Wireless Payments and Transfers | biz.yahoo.com
In this article Obopay is credited for impacting Western Union's share price. Obopay is one of many newer less expensive means of transferring funds domestically or internationally. Other emerging competitors spanning email/computer money transfer, mobile and ACH based services include: Xoom; Ikobo; Coinstar (GroupEx Financial Corp.) and, Paypal. The implication is that Western Union may be in danger of losing its core competitive advantage due to the ubiquity of potentially realtime very inexpensive international electronic network connectivity. Whether this threat is real or perceived it will have an impact on WU's valuation. If the threat is not real the impact will be short term. If it is real current declines may be an early indicator of a longer term trend.
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December 11, 2006
Green Dot and InComm Announce Strategic Distribution Agreement | biz.yahoo.com
The Greendot service allows prepaid card holders to pay merchants (for example Safeway) anywhere from $2 to $4.95 to “load” or “reload” cash to their card. The alliance announced is likely a preemptive competitive response to Visa and soon MasterCard who are have recently begun to offer a similar facility directly. Visa and/or MasterCard will likely drive prices downward to invite larger more frequent card loads and usage.
The creation of the referenced load networks may be an advanced step towards the creation of an entirely new platform for the distribution of financial services to middle and low income segments of the population around the world. This latest announcement is evidence of a growing trend that may represent a threat to established financial institutions and an opportunity for upstarts.
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December 11, 2006
Gift Cards | www.cardweb.com
The value proposition that is driving Visa and MasterCard gift card growth is one-sided in favor of customers and could provide future fodder for the proponents of antagonistic class actions, incite resistance among merchants, card issuers and/or card processors, and dampen investor enthusiasm for MasterCard and Visa.
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