In Case of Emergency, Use Vault Kit
Sometimes I like to share with readers some low-tech solutions to potential problems at banks. Take vaults, for example. What happens if someone-employee or customer-gets locked inside? Sure, there are procedures at banks to ensure something like that doesn't happen. But there is still that possibility. Well, Diebold is now offering "vault survival kits" for financial institutions. The kits are one of those "just in case" things that may come in handy one day.
If I Were The CFO Of A Bank Tech Services Company, I Would...
You can fill in the rest of that title statement as you see fit. The reason I am writing this analysis is because clear-thinking investment analysts believe that when banks are in trouble, they will cut back on tech spending, among other expenses. That's a logical position to take, at least on the surface, but there's more to this issue than a surface look, and I'd like to explain the details.
U.K. Study: Divorce Easier Than Switching Banks
It looks like marriage has taken another hit, it seems: This time at the hands of the banking industry. Well, somewhat. According to a study by Mintel conducted on behalf of the viewers of the BBC's Watchdog program, many in the U.K. are apathetic when it comes to seeking a new financial services provider versus opting out of a marriage, business partnership or employment.
Once Again, It's The Economy, Stupid
On a 60 Minutes segment recently I heard Andrea Mitchell say she couldn't get a straight answer from Alan Greenspan when she asked him what he wanted for breakfast. Instead she got his usual convoluted reply so often presented to Congress.
ING to Shutter Its Presence in Second Life
It looks like Dutch banking giant ING will be joining the legions of smaller (and in some cases, somewhat shady) financial institutions in leaving the virtual world of Second Life. However, unlike some of its counterparts in the virtual world, the move is not the result of financial insolvency. Rather, ING says the decision was driven by its desire to better concentrate on its acquisition of Postbank.
So You'd Like To See Some Changes In Banking, Eh?
Two years ago, I saw a list of opinions regarding his/her/their "own grandiose challenge to the industry." In my opinion, it was more like an in-your-dreams list, so I saved it to see if a couple of years would produce any kind of change close to the dream. The short answer is, it would take decades or fuggetaboutit. Here's the score card: