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Preview: The Bankwatch

The Bankwatch



Tracking the consumer evolution of financial services



Last Build Date: Sun, 25 Sep 2016 05:07:56 +0000

 



DDoS attacks at unprecedented levels hit KrebsColin Henderson

Sun, 25 Sep 2016 05:05:33 +0000

DDoS attacks are little understood by most, yet pose a significant threat to our online lifestyle. Brian Krebs is an independent journalist who has singlehandedly sought out bad actors performing security attacks varying from online ransomeware to Mexican ABM card skimming. Krebsonsecurity.com has been hit over the last couole of days with DDoS on a […](image)


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The Tragically Hip farewell concert in Kingston brings Canada to a standstillColin Hendersonhip_downie

Sun, 21 Aug 2016 04:37:21 +0000

Few outside Ontario Canada know about this.  I watched as the national broadcaster CBC showed it ad free.  This was up there with the Cream farewell at the Albert Hall. I admit to not even being a Hip fan.  They just were not that big in western Canada where I spent my early time.  […](image)


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Hong Kong-based Bitcoin exchange Bitfinex customers lose 120K BTCColin Henderson

Wed, 03 Aug 2016 05:35:00 +0000

Bitcoin reporting continues to be as vague as the average persons understanding of Blockchain. Nonetheless this loss will be closely followed. The last big loss was 2 years~ ago at MtGox in Japan, and that resulted in the exchange being shut down. Following MtGox closing in bankruptcy, here are the reasons according to Wired: But […](image)


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Bank customers move from online banking to mobile appsColin Henderson

Mon, 25 Jul 2016 07:48:08 +0000

The ongoing demise of online banking and its replacement by mobile banking continues. These statistics overshadow the almost 50% reduction trend in branch based transactions in UK that is expected to continue significantly to 2021. They also note this is not a reflection of bank disaffection; rather it is a shift in how customers interact […](image)


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Apple Pay accepted wherever Interac Flash is accepted, despite Apple’s own messagingColin HendersonmyWPEdit Image

Tue, 12 Jul 2016 09:28:55 +0000

I am glad it is not just me that was confused about Apple Pay in Canada and where it is accepted. Remind me not to read marketing messages and lemming blog posts again. Even the Apple page is confusing with their “Coming Soon” section, which I now assume must be referring to online Apple Pay […](image)


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Keshia Evans: symbol of US race problemsColin Hendersonbaton rouge

Tue, 12 Jul 2016 02:51:56 +0000

I have no way of knowing of any backstory on this pic from earlier today, but this has turned out today to be one of those pictures that just symbolizes everything in one moment.  “No words” as a good friend would say. Filed under: Uncategorized(image)


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2008 Banking reduxColin Henderson

Tue, 05 Jul 2016 23:52:15 +0000

This paragraph within an FT article tonight caught my attention. This is directly reminiscent of 2008 when a French Real Estate Fund froze redemptions. On Tuesday, the pound shed 2 per cent after a handful of large UK commercial property funds froze redemptions by clients, stoking concerns the fallout from last month’s vote in favour of leaving […](image)


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2007 reprise: Could FaceBook risk becoming another AOL?Colin HendersonmyWPEdit Image

Wed, 29 Jun 2016 20:52:11 +0000

Here is something I wrote in 2007. (Could Facebook Risk becoming another AOL). The context was different, ok, a lot different given that is 9 years ago and I was thinking about Lending Club who were only available within FaceBook, but I believe the conclusion stands. In fact the reality that has shown the shifts […](image)


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ChatUI and NLP as next generation interfacesColin Henderson

Mon, 13 Jun 2016 09:29:28 +0000

It seems to be that time again where we are on the cusp of a shift in internet behaviours and platforms. I have been noting themes in my reading over the past few months, and two recent pieces in particular solidified them for me. Mary Meeker report, State of the Internet that I referred to […](image)


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Mary Meeker annual State of the InternetColin HendersonmyWPEdit Image

Tue, 07 Jun 2016 23:41:45 +0000

The Mary Meeker annual report is always fascinating and full of facts for the wonks amongst us. This particular slide pasted below from the 2016 report is one of the better I have seen at quickly summarizing the large generations and their value differences; in particular the financial view of the world which is very […](image)


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Move 37 | Implications for progress on Artificial IntelligenceColin Henderson

Mon, 23 May 2016 14:23:01 +0000

I watch and listed to Google I/O today. The stuff about the new communications app Allo and new emojis was a bit underwhelming but I sensed a deliberate shift under the guidance of SEO Pinchai towards commercialization with the likes of Google Home coming this year. This is going right after the Amazon Echo market, […](image)


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Apple Pay at Tim Hortons in CanadaColin Henderson

Wed, 18 May 2016 13:01:30 +0000

I just made my first Apple Pay transaction at Tim Hortons in Toronto. Very smooth – double press the home button on your locked phone. This has the double effect of unlocking the iPhone, and activating Passbook. Then simply hold over the merchant device to pay. Despite the naysayers, it is actually easier than debit […](image)


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RBC and CIBC add debit and credit cards to Apple Wallet in CanadaColin HendersonmyWPEdit Image

Tue, 10 May 2016 21:24:21 +0000

I was pleasantly surprised after a long wait to see RBC add debit and credit card functionality to Apply Pay today. I had lost touch with the Big 5 Canadian Banks efforts to develop a co-ordinated front on Apple Pay but I see now that they must have agreed on something. They are deploying on […](image)


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P2P Lending is in troubleColin Henderson

Wed, 04 May 2016 23:15:34 +0000

P2P Lending held out as a great opportunity to disrupt banking … back in 2006. I was with CommunityLend then, and the opportunity seemed endless. Since then the Canadian regulation stopped P2P lending in Canada. Meanwhile in the rest of the world the market moved from P2P to “Institutional Lender”2P. Now the Institutional Lender market […](image)


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World Retail Banking Report – 2016 (Capgemini and Efma)Colin Henderson

Tue, 19 Apr 2016 15:23:18 +0000

Their annual report is out now. Some useful country specific information regarding customers experience level and feelings about their banks. Capgemini and Efma today released the findings of their annual World Retail Banking Report (WRBR) 2016. The report reveals that fintech providers are making increasingly significant inroads with customers – two thirds of customers are […](image)


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India launches ubiquitous mobile banking infrastructureColin Henderson

Sun, 17 Apr 2016 19:46:40 +0000

The United Payment Interface (UPI) launches commercially in India on Monday 18th, April, 2016. The first step was the launch of a national biometric identification system. This first step has met with apparent resounding success. Bloomberg So far, India’s attempt to assign every citizen a unique 12-digit number associated with a person’s unique iris, fingerprint […](image)


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Experimenting with myWPEditColin Henderson

Sat, 16 Apr 2016 19:02:09 +0000

I have tried various blog posting apps for OSX with most being quite hopeless to date. Windows bog posting apps are streets ahead. I haven’t had time recently to research more. However today I came across this one which seems to address all the requirements, even though the interface is at best average. It does […](image)


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“TD Bank Launches Real-time Money Management App” – TechvibesColin Henderson

Sat, 16 Apr 2016 18:52:16 +0000

TD have rolled out the result of their partnership with Moven. The reference to a “first in Canadian Banking” is a bit of a stretch given spending analysis capabilities that BMO and RBC have, unless the ‘first’ refers to deployment as an app. It seems that it runs as a separate app to the regular […](image)


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Ray Tomlinson – inventor of email died todayColin Henderson

Mon, 07 Mar 2016 05:16:08 +0000

Raymond Tomlinson, the godfather of email, died Saturday morning of a suspected heart attack. He was 74. Read more: http://www.smh.com.au/technology/web-culture/email-pioneer-ray-tomlinson-(image)


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SIBOS: What is Banks’ role in identityColin Henderson

Wed, 14 Oct 2015 04:08:25 +0000

SIBOS is an interesting meeting each year where the lemmings look for the cliff to race off to. I don’t say that with animosity but with reality where we have several thousand largely paid employees who are tired of the daily payment grind, and looking for clarity on whats next. So when the senior folks […](image)


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Rackspace shift to managed services supporting AmazonColin Henderson

Thu, 08 Oct 2015 00:12:35 +0000

This is an big development in the cloud space that portends the obvious; Amazon have the cloud space well cornered. Microsoft (Azure/ Live/ OneDrive/ latest nom de jour – I have seriously lost track on their latest name) are giving it a shot but the retail/ B2B/ new corporate cloud space is owned by Amazon […](image)


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Why do we need cash?Colin Henderson

Wed, 07 Oct 2015 02:29:20 +0000

Just in case you thought the world financial system was rational, then in fact you are correct. Rational thought for protection of the world financial system during the next crisis is to eliminate the problem caused by cash. Now this might seem an extreme view of the world, but lets not forget Andy Haldane of […](image)


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Digital Finance Toronto 2015 – some notes @dfi2015Colin Henderson

Wed, 30 Sep 2015 16:47:20 +0000

Digital Finance conference in Toronto. Two panels today with very different perspectives and fascinating to observe: first panel was very focussed on the regulatory environment, and was very focussed on the problems that fintech has with regulators. There was a thread of unbanked and underserved. In general this panel struck me as close to lobbyists […](image)


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Tomorrows Transactions – final thoughts – #TTTU2015Colin Henderson

Tue, 08 Sep 2015 22:59:12 +0000

@dgwbirch @debgamble1 Some personal and final payments takeaways from todays unconference in Toronto: Canada is Canadian – conservative and sees the status quo as a barrier to change Common agreement that what is needed is real time and cheap payments (P2P, P2B, B2B) How and why this should happen gets fuzzy for most Canada has […](image)


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Bank as a platform – not in Canada apparentlyColin Henderson

Tue, 08 Sep 2015 22:19:07 +0000

@dgwbirch: Most notable difference between UK Unconference and Canadian one was lack of discussion around APIs, big part of London event #TTTU2015 Filed under: Uncategorized(image)


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Glass Bank and the evolution of transparency – 1931Colin Henderson

Tue, 08 Sep 2015 21:01:24 +0000

#TTTU2015 Dave comes up with the darndest examples to make his point and these are frequently brilliant. This from Modern Mechanics, August 1931 was a new concept – a glass bank. Apparently in the 1930’s bank robberies were a serious problem. Architect Keally developed the concept of a glass bank. The idea was that if […](image)


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Tomorrows Transactions – blockchain #TTTU2015Colin Henderson

Tue, 08 Sep 2015 20:53:45 +0000

Dave discussed potential uses of blockchain. There are 5 examples, and only 4 have potential. I will leave you to debate/ figure out🙂 It was equally fascinating to listen to Dave and also to be dumbfounded with the initial lack of audience interest. Once we got into discussion that changed. It turns out there is […](image)


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The original Apple Watch – @dgwbirchColin Henderson

Tue, 08 Sep 2015 19:46:25 +0000

@dgwbirch – The original Apple Watch from 1930’s – scrolling map on wrist #TTTU2015 moving through the hub of innovation – Guildford Filed under: Uncategorized(image)


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Tomorrows Transactions – Toronto Sept 8th #TTTU2015Colin Henderson

Tue, 08 Sep 2015 14:24:09 +0000

Dave is telling us to complete the post it notes. He points out that the post it notes are in fact not a blockchain. Let the humour begin. Filed under: Uncategorized(image)


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“Hacking is a business model”; some simple advice from an expertColin Henderson

Tue, 18 Aug 2015 02:32:39 +0000

I was reading the comments on this exploit story on AppleInsider. I loved lkrupp’s comment (below). The first paragraph might just be the best and simplest explanation for how to avoid virus and malware problems. (if you use Windows then you’ll need to substitute Microsoft approved or the likes for App Store). Several of the […](image)


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Greece is important and so is AlabamaColin Henderson

Mon, 13 Jul 2015 05:01:25 +0000

This quote from Rana Foroohar on CNN this weekend makes one stop and think. A similar comment related to Connecticut (similar GDP to Greece) effectively bailing out any of the smaller southern US states every year. Why Greece Matters for Everyone It’s not that the economy of Greece itself matters so much–China creates a new […](image)


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Garakei: Galapagos cell phoneColin Henderson

Fri, 10 Jul 2015 13:15:05 +0000

My wife just came across this term on a recent trip back to Japan. Garakei or another version, Gara-phone. It literally means “Galapagos Cell Phone”. The backdrop actually goes back to Charles Darwin and how he made the Galapagos Islands famous for uniquely eveolving animal forms and this formed the basis of his “Origin of […](image)


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China stock market is unpluggedColin Henderson

Wed, 08 Jul 2015 04:06:09 +0000

Maybe there are just some things that cannot be controlled. Despite massive government intervention, the Chinese stock market is collapsing in light of an overbought bubble. Fresh turmoil hits China’s stock market ft.com China’s central bank stepped up state support for sinking stocks on Wednesday, as investors rushed to sell what they still could after […](image)


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Piketty brings academic pragmatism to Greece debateColin Henderson

Tue, 07 Jul 2015 03:19:28 +0000

This interview with Thomas Piketty by Die Ziet is a landmark. As the interview rightly points out this 700+ page best seller has not been read beyond probably Page 26 by most of the purchasers. This is obvious to me by the book reviews. However this interview has two main aspects of interest: it highlights […](image)


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Music and how we listen to itColin Henderson

Sun, 05 Jul 2015 06:46:54 +0000

The whole music streaming thing is becoming one of the the next big things. There are lots of apps out there and when Apple announced Apple Music it seemed clear they could leap above the fray. This piece at recode exemplifies what has bothered me. Simplicity. In Battle of Streaming Music Services, Simplicity Is the […](image)


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Social media meets lobbying meets activist meets Industry Powerhouse TaylorColin Hendersontaylor eddie

Mon, 22 Jun 2015 23:24:22 +0000

Social media meets lobbying meets activist meets Industry Powerhouse. Taylor Swift conducted what was obviously a well thought through campaign on her blog, presumably because 140 characters sometimes is just not enough. (Go blogging, but I digress). To Apple, Love Taylor. To bring everyone up to speed, the Apple Music streaming service was proposed to […](image)


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Apple WWDC 15Colin Henderson

Tue, 09 Jun 2015 00:44:28 +0000

Its Apple WWDC 15 day, and I watched the keynote tonight of course on my Apple TV which was handily added for the event. The detailed engineering stuff is handled over the week in ‘tracks’. Back to the keynote. First off was software upgrades for OS X (El Captane) and iOS 9; both coming this […](image)


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City of Toronto asks court to shut down UberColin Henderson

Wed, 03 Jun 2015 00:29:18 +0000

Toronto is on the verge of a major step backwards as 2 days of court hearings on the City request to shut down Uber finishes. The judge is practically telegraphing a negative result by indicating this will surely go to Appeal, although Uber note they may not bother. Court hearing into City of Toronto’s request […](image)


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Google I/OColin Henderson

Fri, 29 May 2015 02:38:36 +0000

I’m watching Google I/O and some interesting developments. Watching on Apple TV and nothing blew up so far. Biggest item of note.  Mobile is not a section of the conference.  Mobile is the conference with Android front and centre.  There is much voicing between comparisons on iOS and Android and I’ll avoid that  here are […](image)


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RBC add Mobile Cheque DepositColin Henderson

Thu, 21 May 2015 14:41:05 +0000

RBC join the Mobile Deposit club in Canada. This leaves ScotiaBank and BMO of the big 5 Bank without this mobile service. Filed under: Uncategorized(image)


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