Mobile Ubiquitous Banking and the Future of Money
- Tom Limongello Sr Dir Business Dev, Crisp Wireless
Sacha Tueni Group Mktg Mgr Social Networks & Strategy, Vodafone
Ajay Revels Design Researcher, Politemachines
Guillaume Lebleu Sr Principal Systems Architect, Diebold Inc
Kyle Outlaw Sr Information Architect, Razorfish
Katherine Maher UNICEFby bryanhurren at 3/17/2009 9:43:50 PM - Kyle: razorfish. Specializes in mobile application design. Some financial services: citi, morgan stanley, t rowe price.by bryanhurren at 3/17/2009 10:03:40 PM
- Katherine: unicef, columbia university. Nutrition monitoring system. Track back to ministry.by bryanhurren at 3/17/2009 10:06:09 PM
- Japan/ Korea: contactless payments, pay for subway. Most radical: africa (eg impeza not created by banks, by telecoms to enable people to become banks).by bryanhurren at 3/17/2009 10:12:54 PM
- Impeza using basic feature phones.by bryanhurren at 3/17/2009 10:13:11 PM
- Customers of impeza using airtime as curreny.by bryanhurren at 3/17/2009 10:13:30 PM
- 3 themes for talk: 1. trust. "lube" of global econ 2. transformation. Money concept is transforming - will not come from banks. 3. Trickle up.by bryanhurren at 3/17/2009 10:15:15 PM
- Stand to learn from emerging markets. Most innovation is coming from emerging. Working around constraints. 2 billion unbanked individuals, 1b have a mobile, 50% have access to services.by bryanhurren at 3/17/2009 10:16:31 PM
- "any expense * the African pop (unbanked pop) is a big expense." - clay shirky.by bryanhurren at 3/17/2009 10:17:25 PM
- mobile payments!=mobile banking - banking assumes preexisting infrastructureby bryanhurren at 3/17/2009 10:17:47 PM
- mobile payments = mobile walletby bryanhurren at 3/17/2009 10:17:59 PM
- What do we need to learn from developing economies? How would u build a system of finance where one hasn't existed? #sxswmoneyby toddlucier via twitter at 3/17/2009 10:18:22 PM
- GSM coverage in africa is higher than electricity coverage.by bryanhurren at 3/17/2009 10:19:33 PM
- services: individuals transfer money, consumers pay merchants, entrepreneurs pay labor.by bryanhurren at 3/17/2009 10:21:21 PM
- How will the concept of money change in the US? 3 types of currency: Community, fiat, credit. tom: gowalla, ratpack have a token based economy. Attractive to US unbanked (kids).by bryanhurren at 3/17/2009 10:26:30 PM
- Tom: iphone announcement - subscriptions possible within apps.by bryanhurren at 3/17/2009 10:27:06 PM
- Trust - Ajay: 2 things going on: boom & bust (who do you trust in each). Once upon a time, people would create things: crafgts - surplus goods, services, skills, local.by bryanhurren at 3/17/2009 10:28:57 PM
- Ajay: move to trade. Cargo, relationships, loans. In the trust scenario is low - interest is premium on risk.by bryanhurren at 3/17/2009 10:29:43 PM
- bank: fx, trust, bond, credit. in the 1600's (some history): dutch had merchants around the world in diff currencies. Italians came up with loans. Brits deposits. Can't make a transaction without trust.by bryanhurren at 3/17/2009 10:31:11 PM
- Greed: (pic of jim cramer and martha stewart): expensive, mistrust, destructive.by bryanhurren at 3/17/2009 10:31:57 PM
- Who are players in the bust side? Feature (devalue, relationships, future), shut (houses, insurance, stock),pain (skills, relatiohnships, surplus), hope (airdrop, new start, share)by bryanhurren at 3/17/2009 10:33:58 PM
- Craft > Trade > Bank > Greed; scaling of systems of boom times. bust = lost trust in evrythng we value, all stages of the scale. #sxswmoneyby michele_perras via twitter at 3/17/2009 10:34:00 PM
- What now? At the bottom, we reinvent economies. Re-deploy trust. credo (local, trust, tangible).by bryanhurren at 3/17/2009 10:36:06 PM
- transition towns: no more oil, credit, globalization. Common in the UK. developing own currency.
|by bryanhurren at 3/17/2009 10:36:27 PM - cell (jobs, fx, security). in developing countries, BoA wants us to think of the mobile device as an ATM machine. Craft (new skill,s new services, new surplus).by bryanhurren at 3/17/2009 10:39:22 PM
- transition towns are actually backed by pounds sterling.by bryanhurren at 3/17/2009 10:42:48 PM
- How can social media mitigate trust issues? Sacha: currency is only a promissory note - what happens when trust disappears? One option for substituting money - airtime minutes.by bryanhurren at 3/17/2009 10:45:39 PM
- Voda - $60bn revenues, 10% (assumed) = $6bn in currency. (leaves $56bn in bail out).by bryanhurren at 3/17/2009 10:47:15 PM
- openmoney - technology can reduce the barrier to entry. Several companies already: twitpay, tipjoy, smava, paymo, mpass, smartfundit, zopa, mopesa)by bryanhurren at 3/17/2009 10:51:27 PM
- using people you trust in your social networks to rate things you invest in. Interesting idea #sxswmoneyby uniemk via twitter at 3/17/2009 10:51:46 PM
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