Filtered by tag: Banking

India's PostBank bring high-tech to rural areas
Posted: 23 September 2017

Modern day Postmen...armed with micro ATMS, pedal (literally) hight tech solutions to rural areas across India.

Complete story...
Your postman may soon become the point of contact for all your financial work. Read how
23 September 2017
India Post is targeting a dozen key bill payments, like school fees and utility bills, for those who arent familiar with operating an app on their own.
MindBullet logo EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE
Who will lead the global chaincash system?
Dateline: 13 March 2019
Several emerging economies are in a desperate tech race to be the first to establish a blockchain based fiat currency with global acceptance. The ...
China tests a blockchain cybercurrency
Posted: 24 June 2017 1 Comment

Looks like our MindBullets scenario from August 2012 was spot on (see alongside). China is indeed set to become the first country in the world to launch a cryptocurrency based on blockchain.

Complete story...
China Becomes First Country in the World to Test a National Cryptocurrency
24 June 2017
Cryptocurrencies have the potential to not only benefit China, but the rest of the world, due to their basis in blockchain.
MindBullet logo CHINA LAUNCHES THE E-YUAN
US Dollar slides as gold-backed RMB becomes the online and offline currency of choice
Dateline: 15 March 2015
China's monetary authority has done it again. After surprising everyone but a small group of futurists by partially adopting a gold standard to back their ...
Free cross-border payments with blockchain
Posted: 21 June 2017

Circle is now a payments company that doesn’t make money from payments. Using blockchain technology, Circle has launched a fee-free ethereum-powered cross-border person-to-person payments capability.

That sounds like a mouthful, and it is, but it's exactly the sort of development that we 'predicted' in our MindBullet from last year! When will banks wise up? ...

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Circle Launched Free Cross-Border Payments on Blockchain — When Will FIs Follow?
21 June 2017
Person-to-person payments have gained traction among banks and other financial institutions recently. Many of the incumbents, like Bank of America, Wells ...
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...

FAREWELL BANKS, HELLO BANKING

Published on: 15 June 2017

New players dominate financial services

Dateline: 26 August 2022

It was Microsoft founder Bill Gates who famously said in 1994 that we need banking, but we don't need banks. It's taken nearly 30 years, but he was dead right. Worldwide, financial services have moved out of the hands of traditional banks and into an array of mobile, FinTech and data companies. Some forward-thinking banks grasped the new world of collaboration and entered into early partnerships and have survived, albeit in a different form. Others have failed or, at best, become simply the ...

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Will financial services die as slow a death as media did?
Posted: 26 May 2017 1 Comment

With the increasing focus and investment into crypto-currencies and enabling technologies like block-chain, the future of traditional financial services looks challenging! We all remember the death of old media...and traditional financial services may be on the same path. Banks still spend vast sums maintaining systems almost as old as I am! Are banks capable of seeing and using the new tech? ...

Complete story...
The Blockchain Will Do to the Financial System What the Internet Did to Media
26 May 2017
What we can learn from the evolution of another groundbreaking technology.
MindBullet logo BANKCHAIN FUELS THE VALUEWEB
The new digital network of business has a universal currency at last
Dateline: 9 March 2024
They've been around for hundreds of years, and they weren't just going to give up the ghost and disappear. Yes, I'm talking about the banks. A decade ago, ...
Can the Blockchain reinvent our world?
Posted: 20 April 2017 1 Comment

Futureworld tagged the Blockchain as a potentially massive disruptor many months ago. The evidence is building up that it will be just that, and not only in the world of financial services. Read on to discover how it is being used for everything from tracking blood diamonds to securing supply chains.

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Bitcoin’s foundations are reinventing more than money
20 April 2017
Blockchains are being used to trace blood diamonds, verify health records, and secure supply chains.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
New world of banking driven by social media and mobile
Posted: 20 April 2017

China's Alipay and Tencent are showing the world the value and scale benefits of integrating social media, mobile and e-commerce ecosystems to deliver new payment systems at very low cost but resulting in massive scale benefits.

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Social Networks, e-Commerce Platforms, and the Growth of Digital Payment Ecosystems in China: What i
20 April 2017
Social Networks, e-Commerce Platforms, and the Growth of Digital Payment Ecosystems in China: What it Means for Other Countries
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...
The blockchain revolution
Posted: 4 March 2017

We;ve been telling our clients - across all industries - for more than two years now that the Blockchain is a deeply disruptive technology. Here are some of the latest developments.

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In Case You Missed it, The Blockchain Revolution's Officially Begun
4 March 2017
Two research labs in Japan and Scotland are being set up to research cryptography, smart contracts, and upgrading cryptocurrency systems.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
Fast cheap international money transfers a reality...for some banks!
Posted: 2 March 2017

I received USD12k into my account today. my banker has not yet called with an exchange rate and a credit to my account and hence it will be at least 24 to 48 hours before I derive any economic gain for the arrival of MY funds! Guess who will receive the value? In the meantime, Japan's banks can settle international money transfers in a second, and no doubt at a fraction of the usual cost!

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Forty Seven Japanese Banks Move Towards Commercial Phase Using Ripple | Ripple
2 March 2017
47 banks have successfully completed a pilot implementation of Ripple in Japan using a cloud-based payments platform.
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...
And it's happening!
Posted: 17 February 2017 1 Comment

We published the attached MindBullet only yesterday - and look at the news that has just been released in India.
https://www.cryptocoinsnews.com/state-bank-india-announces-financial-blockchain-consortium-bankchain/ ...

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MindBullet logo EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE
Who will lead the global chaincash system?
Dateline: 13 March 2019
Several emerging economies are in a desperate tech race to be the first to establish a blockchain based fiat currency with global acceptance. The contenders, perhaps surprisingly, are the new giants, China and India, and little-known South Africa. Rich countries are too rigid in their financial structures and too protective of their established reserve currency status to risk a game changing ...

EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE

Published on: 16 February 2017 3 Comments

Who will lead the global chaincash system?

Dateline: 13 March 2019

Several emerging economies are in a desperate tech race to be the first to establish a blockchain based fiat currency with global acceptance. The contenders, perhaps surprisingly, are the new giants, China and India, and little-known South Africa. Rich countries are too rigid in their financial structures and too protective of their established reserve currency status to risk a game changing innovation like this. An upsurge in nationalism and rejection of globalisation by America, Britain and Europe ...

Complete story...
Here comes the e-yuan.
Posted: 26 January 2017

We started writing about this back in 2012 - that China would come out with the e-yuan - see the MindBullet alongside. And now it looks like its going to happen.
And meanwhile in India, the country's biggest banks are forming a consortium to develop a Blockchain interbank platform - see the link below. The financial service industry will never be the same ...

Complete story...
Chinese central bank tests digital currency system
26 January 2017
The People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first ...
MindBullet logo CHINA LAUNCHES THE E-YUAN
US Dollar slides as gold-backed RMB becomes the online and offline currency of choice
Dateline: 15 March 2015
China's monetary authority has done it again. After surprising everyone but a small group of futurists by partially adopting a gold standard to back their ...
Setting exponential goals - Alibaba shows incumbents how to dream and execute!
Posted: 20 January 2017

With almost 500m clients Ant Financial, the financial services arm of Alibaba, its already a huge business, bigger than most global banks. Yet is seeks to quadruple its base in next 10 years to 2 billion customers! Most of the incumbents cannot even think at that scale and their systems simply cannot ever cope with that scale...Check mate ?

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Alibaba payments arm aims for 2 billion users in 10 years
20 January 2017
Ant Financial eyes sharp expansion in coming decade
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...
Digital blockchain currency could boost British GDP 3%
Posted: 13 December 2016 1 Comment

Debates on the potential impact of the blockchain are occupying many minds around the world. Now the Bank of England reports that it believes a digital currency based on the blockchain could boost British GDP by up to 3%. Every business, and not just those in financial services, needs to pay serious attention to this technology.

Complete story...
A 3% boost to GDP from blockchain? It’s a real possibility
13 December 2016
The Bank of England is seriously weighing the benefits of a digital currency.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
The age of digital gold
Posted: 29 November 2016

How long before we get the world's first digital currencies issued by a major country - the digital dollar, or the digital yuan, or the digital rouble? And it will be based on Blockchain technology, one of the most fundamental instruments of change in our modern world.
And in addition to the Royal Mint's digital gold, Senegal is issuing a digital Blockchain ...

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Royal Mint to issue digital gold
29 November 2016
The Royal Mint, a 1000-year-old institution owned by HM Treasury, is partnering with CME Group to create a digital gold product that will be stored and ...
MindBullet logo CHINA LAUNCHES THE E-YUAN
US Dollar slides as gold-backed RMB becomes the online and offline currency of choice
Dateline: 15 March 2015
China's monetary authority has done it again. After surprising everyone but a small group of futurists by partially adopting a gold standard to back their ...
Cryptocoin similar to block chain kind of transactions?
Posted: 23 November 2016 1 Comment

I tried to learn and understand the difference between crypto coin and block chain digital payments

Kindly can i get some clarity on this?

Regards

Andrew ...

Complete story...
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably what they deserve, for years of fleecing consumers and investors. Most of us, at one time or another, have had that uncomfortable feeling of chagrin, when faced with a bank or forex dealer's spread of prices. "We buy US dollars at 0.89 euro ...

CHINA TRUMPS TRUMP, RUSSIA LOOMS LARGE

Published on: 6 October 2016

Brexit looks benign in the face of new shocks

Dateline: 14 October 2017

Disruption and turbulence are the new normal, as Black and 'Grey' Swans hatch repeatedly. When the British voted to leave the EU, it was a great shock to the global system, and markets reacted in both predictable, and unpredictable ways. While everyone was 'waiting and seeing' which way the wind would blow, Donald Trump became POTUS, sending another shockwave through the world. Within a year, France and Germany saw populism and reactionary forces replace their governing parties, and the EU is ...

Complete story...
Dark side of Internet of Things
Posted: 5 September 2016

The internet of everything will be one of the main technologies driving the 4th Industrial Revolution, and it has already started. But smart devices also have their problems. Here are a few of the biggest challenges.

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4 major IoT challenges that stand in the way of success
5 September 2016
Heralded for driving positive transformations in consumer products, retailing, healthcare, manufacturing and more, the Internet of Things (IoT) promises a ...
MindBullet logo THINGS HOLD HUMANS TO RANSOM
A rash of incidents floods the world's networks
Dateline: 11 June 2019
I still remember at the turn of the millennium when the 'Internet of Things' seemed to be such a benevolent business opportunity. There were going to be ...
Uber drivers might be Ubered
Posted: 19 August 2016

The first fleet of driverless Volvo Uber cars will start operating in Pittsburgh. Apparently, they will offer free rides to get public support, and will be supervised by humans in the driver's seat, but that just proves the point - disrupt yourself before someone else does!

Ultimately, fully autonomous cars and trucks will change many business models, and create a vast crowd of unemployed ...

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This is Uber’s first driverless vehicle–and Uber’s human drivers should be worried
19 August 2016
The ride hailer is set to launch its first fleet of its inaugural driverless cars in Pittsburgh this summer, reports Bloomberg
MindBullet logo UBER HAS BEEN UBERED
And Airbnb, iTunes and Netflix are next
Dateline: 5 April 2018
Uber has been taken out by an unexpected competitor - the crowd. It's ironic really, because Uber was the first company to leverage assets it didn't own ...
Virtual economies get real
Posted: 11 August 2016

Nine years ago, we wrote about an interface where you could fly around the world virtually, enter virtual copies of real-world stores, and buy goods. Well, it's finally happening. Alibaba is trialling a VR payment system. Who says we futurists can't think ahead of the game?

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Alibaba trials virtual reality payments for VR malls
11 August 2016
The virtual world just got a new payments technology and it’s as easy as nodding your head Chinese web behemoth and Amazon stalking horse Alibaba is ...
MindBullet logo GOOGLE EARTH WORLD'S SIXTH BIGGEST ECONOMY
Virtual world covers two-thirds of the 'real' world
Dateline: 7 June 2017
Google Earth's virtual online buildings, designed and built by the in-world residents, now cover most of the developed world and all major tourism ...

Filtered by tag: Banking