New Economics of Banking


	New Economics of Banking

baydawg

2-23-2009 2:45 PM

84 views

tags:

banking, new business model, free, customers

baydawg says:

technology and systems, processing and functionality are virtually free; anything that is commodity activity should be brought in as a service and all pricing is for value-add, not commodities.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ba23f882-f034-43a3-9230-a7be38745ae0/9BB514F4-B700-4099-B8F1-3A0F92E00DBA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://thefinanser.co.uk/fsclub/2009/02/how-to-make-banking-free.html" href="http://thefinanser.co.uk/fsclub/2009/02/how-to-make-banking-free.html" style="font-size: 11px;">thefinanser.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thefinanser.co.uk/fsclub/2009/02/how-to-make-banking-free.html">banking will be free</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thefinanser.co.uk/fsclub/2009/02/how-to-make-banking-free.html">once you’ve built your widget, crank up the volume</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thefinanser.co.uk/fsclub/2009/02/how-to-make-banking-free.html">That’s how Chi-X, the pan-European equities trading facility, could take more than 10% of many traditional European exchanges equities trading ... within a year.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thefinanser.co.uk/fsclub/2009/02/how-to-make-banking-free.html">Market the hell out of your widget, crank up the volume and focus upon the service delivery – the human interfaces – as your critical value-add differentiation. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thefinanser.co.uk/fsclub/2009/02/how-to-make-banking-free.html">build new functionality, or even micro-functionality, and then deploy it openly, transparently and easily across the network.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thefinanser.co.uk/fsclub/2009/02/how-to-make-banking-free.html">focus upon the customer experience</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thefinanser.co.uk/fsclub/2009/02/how-to-make-banking-free.html"><P>The customer experience, service, dialogue and advice will become the critical differentiation and profit point.</P><P></P><P></P><P></P><P></P><P>Whoa … now that’s going to be tough isn’t it?</P><P></P><P></P><P></P><P></P><P>Yep.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9BB514F4-B700-4099-B8F1-3A0F92E00DBA/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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