As my good friend Andrew Curry (@nextwavefutures) says, Apple Pay is a sheepdog, not a wolf. It’s not disrupting or displacing anyone in the payments value chain. But that doesn’t mean that it couldn’t.
Banks could be sheepdogs (like Apple)
Tag: identity
Identity in Financial Inclusion
Some fascinating debates around identity in my Twitterverse last week, considering the issue of the extent to which digital identity of one form or another can contribute to financial inclusion (and, by extension, social inclusion).
I don’t know you, but my phone knows your phone
I know who Paul Calf is and I definitely recognised him. I know who Oprah is, although I might not recognise her. I don’t know who William is, and I definitely won’t recognise him. They all want good service though.
Flatwood, ironware and cheap tin trays (and definitely not ivory and apes and peacocks)
Identity fraud isn’t only about people. It’s also about things. And there are some pretty big things out there (e.g., oil tankers) that are lying about their identity.
The phoney war is over, part 2
In the battle for your digital identity, the banks do have some advantages. But they need a strategy, because the technology, business and social roadmaps are not as stable as they seemed.
The phoney war is over, part 1
The real battle between MCX and Apple, between banks and Google, between retailers and telcos is not about your handset, your SIM (soft or otherwise) or your payments. It’s about your identity.
Bill Gates was spot on at SIBOS – there’s an identity problem
Last week I was very interested to see that Bill Gates highlighted identity as a key problem at SIBOS. This was because I’d already noticed that there was a problem with one of the identities there: mine.
Authentication expectations are changing rapidly
Apple TouchID has completely changed my expectations of how security should work on my mobile phone and I don’t doubt it will change other people’s as well. And very quickly.
What about a financial services passport?
The problems around KYC for new financial services, especially for new entrants, might be mitigated by the introduction of a financier services passport based on modern technology and not stupid bits of paper.
Identity, so I hear, is the new money
The CSFI roundtable on my book “identity is the new money” left me utterly depressed. Every single book sold was sold for cash. I will never recover from the embarrassment and public humiliation. Still, at least they sold some.
