About the Author

Scott BalesI have a strong personal interest in Financial Inclusion through the enablement of innovative technologies. Past roles include the Head of Technology at WING Cambodia and a Mobile Financial Services Consultant with HSL Consulting. Drawing from 10 years experience in Financial Services and vast networks across industry, I work with organisations on strategies and plans to establish build and optimize market offerings. I enjoy close relationships with many of the large International Development organizations.

» More about Scott Bales

Showing posts with label nfc. Show all posts
Showing posts with label nfc. Show all posts

Monday, December 19, 2011

Introducing Money Mesh


Times are changing, and the time time for me to bring myself into the new era of publishing is upon us. Over the past few months I have thought long and hard about the appropriate way to establish a platform on which I can say my thoughts, insights and outlook. Which lead me to the desire to build a platform for idea, a platform that would be larger than just myself. A platform that would be open to contributions for the world’s leading minds. That platform is Money Mesh.

The technological, social and cultural developments over the past 10 years have accelerated the global rate of innovation. Today, we are witnessing the seismic demographic shift from a traditional and passive media consumer group to an empowered and anytime-anywhere generation of knowledge creators and community builders.

Recent events have shown that social networks possess the power to enrich everyday encounters and enable political upheavals. Mobile devices have facilitated the anywhere-anytime approach to and availability of services, while extending the reach of the financial ecosystem.

Money Mesh seeks to speak in the midst of these changes and aims to explore the ongoing evolution of how our dynamic human network liveswith its money. This blog/forum/platform will provide timely discussions on themes such as technology innovation, social networks, security, regulation, mobility culture shifts and behavioural change in an increasingly mobile and connected world.

I hope to not only share my experiences and insights on these developments and trends, but also initiate a continuing dialogue with thought-leaders, visionaries and innovators who share my passion for making money more mobile and accessible for everyone.

For those who have followed my publishing over the years, I thank you all for your support, the joinery continues at Money Mesh 

Monday, September 19, 2011

A new generation of banking... Movenbank



Today we witnessed a quantum step forward for the banking industry, as author of Bank 2.0, Brett King, announced the launch of Movenbank. A radically different way for people to engage with their money. Long gone are the formalities of banking, allowing consumers the power to spend, save and access their money in completely new ways. Utilising the power of gameification, consumers will have transparent power in their hand, known as CRED.

The modern consumer already carries one of the most powerful service delivery devices in the history of man, the mobile phone. Which has amazing ability to create behavioural, geographical, demographic and timeliness information that contextualized the world around us. Just like the daily ritual 750 million Facebook users have, as they check their news feed to see what's going on with their friends, family and associates. Advertising is targeted with precision, suggested services, new friends, all are built leveraging the power of information.

Movenbank has is the bank redesigned for the modern day, in a world that consumers create, engage and utilise information in an increasingly more rapid and empowering ways. Many of the the modern day digital natives have embraced the power of Facebook, Twitter, LinkedIn, etc. changing the by gone perception that everyone wants to hide from the world. Instead the modern consumer is happy to agree to an exchange of value, where the consumer allows the world access to their information in exchange for an optimised, contextualized consumer experience. Thus empowering the consumer with the utility of money and their mobile.

Movenbank is based on "CRED," which is based not just on your traditional credit scores, but recognises your "influence" at the bank, through the inclusion of information from your transactional behaviour, social networks and network influence.

With the Alpha release on October 1st. This truly will alter the course of how we all live with our money.

Best of luck to Brett King and the team at Movenbank