Bankers get ready for new customer experiences
The speed of adoption of new technologies, such as mobile devices and tablets, is causing customers’ behavior to change rapidly and is forcing financial services companies to adjust their distribution channels into multi-touchpoint customer experiences that are supported by agile commerce platforms.
(via 2014: Is your company ready for digital transformation? | BANKNXT)

Bankers get ready for new customer experiences

The speed of adoption of new technologies, such as mobile devices and tablets, is causing customers’ behavior to change rapidly and is forcing financial services companies to adjust their distribution channels into multi-touchpoint customer experiences that are supported by agile commerce platforms.

(via 2014: Is your company ready for digital transformation? | BANKNXT)

Why venture capital no longer defines innovation, Innovation today isn’t occurring only among startups. It’s also happening in the funding models that help create those startups. Accelerators and crowdfunding are elbowing the “fat boys” of venture capital aside.
via ReadWriteWeb.com

Why venture capital no longer defines innovationInnovation today isn’t occurring only among startups. It’s also happening in the funding models that help create those startups. Accelerators and crowdfunding are elbowing the “fat boys” of venture capital aside.

via ReadWriteWeb.com

Raising capital online. Crowdfunding is booming. A report by Massolution, a research firm, forecasts that $2.8 billion will be raised worldwide this year, up from $1.5 billion in 2011 and only $530m in 2009. There are over 450 “crowdfunding platforms”, including four in China, up from under 100 in 2007, with Kickstarter America’s largest. This month Indiegogo, its closest rival (though global and with a broader mix of projects), secured the biggest chunk of venture capital so far for crowdfunding. Via The Economist

Raising capital online. Crowdfunding is booming. A report by Massolution, a research firm, forecasts that $2.8 billion will be raised worldwide this year, up from $1.5 billion in 2011 and only $530m in 2009. There are over 450 “crowdfunding platforms”, including four in China, up from under 100 in 2007, with Kickstarter America’s largest. This month Indiegogo, its closest rival (though global and with a broader mix of projects), secured the biggest chunk of venture capital so far for crowdfunding. Via The Economist

CFOs At The Center Of Enterprise Information

By: Carl Nordman, Director, IBM 2010 Global CFO Study

As the CFO and Finance builds strong competency internally, increased understanding of the drivers of business performance gives Finance a unique ability to understand the Financial consequences of alternative strategies and explanations of historical performance to help guide future decisions. 

Finance is, in many regards, the hub at which three things converge - Financial Data, Operational Data and Risk.  This unique position provides Finance the ability to develop an integrated information management and delivery system for the enterprise that combines all three  - creating a very powerful analytical platform. 

Finance’s role in determining the right analytics starts with serving as advisor and fact-based voice of reason with business constituents and the Executive Suite on what Analytics best convey the relevant drivers of business performance and the predictive qualities of various analyses. 

This reputation is historically strengthened when Finance can consistently convey two things:
1.  Finance itself is operating with strong governance, controls and standards in place contributing to the production of a single version of the financial truth
2.  Finance has a strong track record of providing meaningful and on point analytics that have proven to indeed be insightful, timely and accurate.

The 2010 IBM Global CFO Study

Who is increasingly instrumental in helping CEOs and Boards make high-impact decisions – the choices and trade-offs that build or destroy enterprise value? CFOs.

Based on input from more than 1,900 CFOs and senior Finance leaders worldwide, the IBM Global CFO Study indicates that the demands on CFOs are rising and extend well beyond traditional financial control and supervision.

But in a constantly changing environment, how can CFOs provide their enterprises with a competitive edge? How can they help the business make not just faster but smarter decisions?

  • Driving integration of information
  • Providing inputs into enterprise strategy
  • Supporting/managing/mitigating risk
  • Measuring and monitoring business performance
  • Driving enterprise cost reduction

In the 2010 study, one group of Finance organizations – called Value Integrators – consistently outperforms their peers. They are not only more effective, but their enterprises also perform better financially.