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Lloyds TSB pilots social media - Trends in the Living Networks

Trends in the Living Networks

» Lloyds TSB pilots social media Ross Dawson, February 26, 2008 7:30 PM US PT James Gardner, head of innovation at Lloyds TSB, writes consistently on his blog Bankervision , disclosing some of the key issues involved in innovating in a major bank. Some excerpts from his below show how blogging can change how corporations work.

Media 60
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Peer-to-peer banking - Trends in the Living Networks

Trends in the Living Networks

The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.

Banking 83
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Transparency has long been driving business and society. but it's only just begun

Trends in the Living Networks

In my 2002 book Living Networks , the final chapter was on the future of a networked world. The full text of my 2002 prediction on transparency from Living Networks is here, with the full book chapter embedded at the bottom of the post. The inevitability of a transparent world has long shaped my thinking about the future.

Banking 113
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Sell-side banks become consultants - Trends in the Living Networks

Trends in the Living Networks

As such, the emerging domain of algorithmic trading – which largely automates trade execution – is in fact providing new ways for investment banks to create high-value relationships with the clients. However even greater value can be created by adding explicit value to clients’ decision-making processes.

Banking 60
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The state of social networking software for the enterprise - Trends in the Living Networks

Trends in the Living Networks

Yet social networking is not just about friends and personal networks. Applying social networks in the enterprise is a sweet spot that has massive potential value. Spoke had a unique model at the time, providing both social networking applications inside the enterprise, as well as a public version of their application.

Network 74
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Microsoft enters enterprise social network software - Trends in the Living Networks

Trends in the Living Networks

This squarely puts Microsoft into a space – enterprise social network software – that has previously been populated by Spoke , Visible Path , Contact Networks , and Tacit. Many organizations seem to think the enterprise social network software will provide an immediate solution, and many have stumbled already in applying these tools.

Network 60
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Sharing my life story from a virtual perspective

Trends in the Living Networks

I’ve always been a social animal, and initially I invited people over. So a bit of a business model there, but it was just this beginning of the shift of social life. At the time, a lot of people thought technology was anti-social, it was for geeks and Dungeons and Dragons fiends. ” And two things happened.