Best tips for risk management


The Future of Banking, Impatience & Collaboration

Being the impatient type (only on somerespective talent to make it better for them
occasions!) I was interested to see a pressall to exploit. Winning by Sharing.Closing
release from Chase about their new Blinkwords on impatiencea. Can someone please
card. In a nutshell, Chase have released ainvent a lift/elevator with doors that close
new type of Credit Card - a contactless one.as soon as I press the "door close" button.b.
What does this mean for you? Your paymentWhy, when retrieving my mobile voicemail am I
experience has change dramatically for thegreeted with "Welcome to your voicemail, to
better. No swiping, no printing, no signing,do this press a, to do that press b, to do
no PIN entering. Just hold your card near thesomething else press zero". I just called my
reader machine at the checkout, wait for thevoicemail, what do you think I want to do!c.
light to blink green and off you go.Why, when I call my mobile provider am I
Great.What interests me here is not just theasked to "enter my mobile number", then
appropriate use of technology but how we, thetaking through various levels of options and
consumer, hold our time is such high value. Ithen when I finally get to speak with an
know that I do and I'm often criticised foragent their first question is "what's your
it, I hate waiting, I don't like being partymobile number"? A cynic might suggest that
to something the I think is inefficienttheir CTI system is smoke & mirrors, not me
because  I  want  to  change  it.though. ;)Closing words on technology in
banks
The press release has the statistic that
transaction times can be reduced by as muchi. How is it that we have technology such as
as 40%. This does sound great but it'sthat described above, but I still can't
interesting to remember that this is 40% on atransfer money from my Bank of America
transaction time that was only ever measuredaccount to that of another BoA customer only
in seconds anyway. Again, re-enforcing howand must "cut a check". As the Americans
much we value our time or, as cynics maywould say, "What's that about..."?My
suggest, how impatient we are.Is this reallybackground and experience is mainly project
the future of payments though? I do thinkmanagement within diverse environments such
that we will have a future without cash andas large corporate financial institutions,
so this is certainly a step in the rightmedium-sized technology consultancies and
direction. But what we have here is a piecesmaller start-ups. Having held positions
of technology that can only do one thing -including Operations Director (COO) and Head
pay. OK, two things you can use it to scrapeof Process Management, I recently decided
the frost from your car windscreen. Seriouslythat the time is right to take a calculated
though, we can't have a future of one hitrisk and leave corporate life for good...the
wonders, we need multi-function. The futureentrepreneurial side of my character is
is mobile. We need this functionalityprevailing.My focus is on becoming an
embedded into our mobile devices. note"Un-natural Entrepreneur". I want to work
"devices" and not phones, we shouldn't callwith people and companies that have vision. I
them phones anymore as this is now only acan offer key values and skills to help bring
part of their overall functionality and foryour ideas to fruition. If you are a
may,  the  part  they  use  the  least."starter", then I am your "finisher". My
approach to a challenge is to clarify,
For this to be truly successful and for allunderstand, problem-solve, develop and
of us (consumers and banks alike) we need todeliver.To take an idea or concept through
collaborate. Please let's not have anotherfrom its inception to its execution requires
bank go off to have a competitive card witha consultative approach - a partnership. I am
essentially the same functionality with ana rational and pragmatic thinker and can work
exceptionally minor tweak that will then bewithin an existing management structure, or
used as a differentiator. Let's have Banks A,create a new management team through my
B & C collaborate with Chase, acknowledgeextensive network.
that this is a great idea and then pool their



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