tag:blogger.com,1999:blog-38136534.post7815266921449516401..comments2024-01-25T07:09:39.896-08:00Comments on Mobile Banking: Thinkmoney: lessons for mobile bankingHannes@Homehttp://www.blogger.com/profile/05855107176790028364noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-38136534.post-66610489353096385892011-05-02T17:59:50.224-07:002011-05-02T17:59:50.224-07:00I believe this represents a double-edged sword:
- ...I believe this represents a double-edged sword:<br />- I agree with your assessment that this reduces the red tape required with the opening and maintenance of a bank account, thereby improving the overall customer experience<br />- However; the legislation that led to the red tape does serve a purpose. I do not necessarily agree with how it is implemented, but I do believe in its requirement. <br /><br />In the US, a key source of the real estate crash was that the sales and marketing of financial products had been separated from the agency carrying the risk by use of CDO's. This represents an operational version of the same, where Banking sells products but does not carry all the risk. <br /><br />All that said, I agree with your overall comment that there is a need for a fundamentally different kind of account. One that is simple, inexpensive and no-frills.ABitLosthttps://www.blogger.com/profile/05315547213278243179noreply@blogger.com