Emergent Futures Tumblelog

This is the Tumblelog of Paul Higgins and Sandy Teagle - Futurists from Melbourne and Brisbane in Australia. Go to Emergent Futures to see more or follow on Twitter at FuturistPaul . If you right click on the pictures, titles or links in these posts you will be able to go to the original story on the web. If you click on comments for each post you can either read what others have said or add your own comment via Disqus. If you click on the date of a post it will take you to a single post view where you can copy the web link if you want to send it to someone else. If you click on the tags it will take you to other stories from Emergent Futures with the same tag.

Paul Higgins- I would not be so sure. This will be an interesting headline to highlight in five years time one way or the other

Google and Facebook Dead in 5 Years? Fat Chance! - Forbes (via futuristgerd)

Posted at 3:42pm and tagged with: tech, technology, banking, disruption,.

The rise of mobile isn’t a menace to the likes of Google, Facebook and Amazon. It’s potentially the biggest windfall of their lives, because making money in mobile will be all about building a revolutionary new payments system. Banking in 20 years will be profoundly different from what it is today, and the companies that Eric decries are very likely to be the ones who win the most.
Reuters blogger Felix Salmon:When credit cards go social” (via reuters)

Posted at 9:11pm and tagged with: social media, banking, tech, technology,.

Watching a big bank try to be all cool and down with the social kids can be rather like watching your father try to rap. The Twitter feed is embarrassing enough, but the sponsored posts are much worse.

SoFi Lets Students Borrow Money For School From Alumni




The way the program works is simple. Alumni invest money in their particular school’s funding, and then students apply just as they might to any other college loan. Loans are given to students for a 6.24% interest rate (5.99% if they sign up for auto-pay), alumni earn 5% back on money they’ve invested, and SoFi keeps roughly 1%. Alumni can invest with cash, or can invest funds through their IRA.


Full Story: Mashable

Posted at 10:47am and tagged with: Social media, banking, economic, education, disruption,.

SoFi Lets Students Borrow Money For School From Alumni


The way the program works is simple. Alumni invest money in their particular school’s funding, and then students apply just as they might to any other college loan. Loans are given to students for a 6.24% interest rate (5.99% if they sign up for auto-pay), alumni earn 5% back on money they’ve invested, and SoFi keeps roughly 1%. Alumni can invest with cash, or can invest funds through their IRA.

Full Story: Mashable

A Microsoft-funded IDC study suggests that innovation enabled by cloud technology could boost jobs and revenues worldwide across several business verticals, including banking.


Full Story: Banktech

Posted at 8:34pm and tagged with: banking, cloud computing, work, forecasts, tech, tech,.

smarterplanet:

Carriers set to chip in $100M in Isis to take on Google | GigaOM

AT&T, Verizon and T-Mobile are reportedly poised to invest $100 million in their joint mobile payment venture called Isis, a near field communication-based contactless payment system that will do battle in the increasingly competitive mobile payments market. According to Bloomberg, the carriers are still determining exactly how much to invest based on Isis’ ability to obtain support from banks and merchants, but they could throw in a lot more money if the platform can gain momentum.

Isis will have to play catch-up with Google Wallet the open NFC platform launched by Google, MasterCard and Citibank. That payment system was unveiled in May and is set to open to the public soon. Google Wallet lets people pay for things by waving their NFC-enabled Android phone at point-of-sale terminals that are equipped to handle MasterCard Paypass purchases. However, Google’s offering is limited right now to just the Nexus S from Sprint, and it hasn’t announced new credit card or banking partners beyond MasterCard and Citibank.

Isis, meanwhile, is backed by credit card companies MasterCard, Visa , American Expressand Discover. But the first trials won’t begin until next year in Salt Lake City and Austin, Texas. That will put it behind Google Wallet, though with few NFC-enabled devices available so far, it may not be that much of a disadvantage. But will consumers even embrace NFC payments on their handsets when the tech does become available? Questions about thesecurity, reliability and fees of mobile payments still suggest that adoption will be slow, at least initially.

Posted at 8:26am and tagged with: banking, commerce, mobile, transactions, Isis, AT&T, Verizon, T-Mobile, Google, digital wallet, NFC,.

smarterplanet:

Carriers set to chip in $100M in Isis to take on Google | GigaOM
 
AT&T, Verizon and T-Mobile are reportedly poised to invest $100 million in their joint mobile payment venture called Isis, a near field communication-based contactless payment system that will do battle in the increasingly competitive mobile payments market. According to Bloomberg, the carriers are still determining exactly how much to invest based on Isis’ ability to obtain support from banks and merchants, but they could throw in a lot more money if the platform can gain momentum.
Isis will have to play catch-up with Google Wallet , the open NFC platform launched by Google, MasterCard and Citibank. That payment system was unveiled in May and is set to open to the public soon. Google Wallet lets people pay for things by waving their NFC-enabled Android phone at point-of-sale terminals that are equipped to handle MasterCard Paypass purchases. However, Google’s offering is limited right now to just the Nexus S from Sprint, and it hasn’t announced new credit card or banking partners beyond MasterCard and Citibank.
Isis, meanwhile, is backed by credit card companies MasterCard, Visa , American Expressand Discover. But the first trials won’t begin until next year in Salt Lake City and Austin, Texas. That will put it behind Google Wallet, though with few NFC-enabled devices available so far, it may not be that much of a disadvantage. But will consumers even embrace NFC payments on their handsets when the tech does become available? Questions about thesecurity, reliability and fees of mobile payments still suggest that adoption will be slow, at least initially.
More and more major businesses and industries are being run on software and delivered as online services—from movies to agriculture to national defense. Many of the winners are Silicon Valley-style entrepreneurial technology companies that are invading and overturning established industry structures. Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.

In South Africa, cardless ATM withdrawals via mobile phone

Customers of Johannesburg-based First National Bank (FNB) can now make withdrawals from an ATM without a bank card using just their mobile phone.

Full Story: Springwise

Posted at 4:43pm and tagged with: mobile, economic, smartphone, banking,.

 
In South Africa, cardless ATM withdrawals via mobile phone

Customers of Johannesburg-based First National Bank (FNB) can now make withdrawals from an ATM without a bank card using just their mobile phone.

Full Story: Springwise

St George launches first Android banking app

Pad and iPhone apps are currently all the rage amongst Australia’s largest banks — but Westpac subsidiary St George late last week bucked the trend by launching what it said was the first mobile banking application in Australia to focus on the emerging Android platform.

Posted at 2:05pm and tagged with: mobile, banking, economic, android,.

St George launches first Android banking app

Pad and iPhone apps are currently all the rage amongst Australia’s  largest banks — but Westpac subsidiary St George late last week bucked  the trend by launching what it said was the first mobile banking  application in Australia to focus on the emerging Android platform.

Posted at 8:39pm and tagged with: credit cards, economics, banking,.

Payment cards to touch 10 billion mark worldwide by 2014 http://bit.ly/ca3GAy

Posted at 8:38pm and tagged with: future, banking, economics,.

A must watch - The Future of Self-Service Banking by IDEO. Link to VIMEO video here: http://bit.ly/aUTmOV