Is a bank finally going to jump on one of the biggest opportunity for the financial industry in years?

Maybe. Paypal seems to be developing an online storage service, a move that makes a lot sense. They already have the technological expertise, solid foundations and the trust of the masses.

That would be all you need to be successful on this market, one of the last (on the web at least) where the demand is almost infinite while the offer will be limited by high entry barriers. Who wants their most precious asset after people, health and money to be managed by an unfunded garage company?

We are inviting Colin Henderson from Bankwatch to speak at LIFT07. As one of the most relevant observers of how new technologies are reshaping the finance industry, we hope he will be able to deliver a wake up call to the hundreds of banks we have around here.

This entry was posted on Saturday, September 30th, 2006 at 2:22 pm and is filed under innovation, english. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.