Many of us now receive payments as well as make payments. Ross Dawson: Last week I gave a keynote on The Future of Banking to a group of the most senior risk leaders in a major bank, sharing some provocative ideas on how the banking landscape may change in the years to come.
» Currently browsing: Money Talk
Amy Norman and Stella Ma started pitching investors on their San Francisco-based startup, Little Passports, in 2009. Both women had young children and Norman was pregnant. The overwhelming majority of the investors they met with were men who wanted to know “if we were running this as a ‘lifestyle company,’” Ma recalls. Investors passed and word […]
Cignifi relies solely on mobile phone behavioral data. Financial institutions, in the developed world, use credit history in order to assess a person’s creditworthiness and subsequently issue them financial products at personalized terms.. Unfortunately, that’s difficult to do in emerging markets, where mobile phones are more prevalent than traditional credit history.
Poverty and homelessness on the rise. Is it time for Basic Income? The idea of Basic Income has been endorsed by economists from a variety of political camps, but has always seemed more of a distant dream than a reality. Productivity and standard of living increases made Basic Income practical and logical.
For high-tech workers in San Francisco, the average annual wage rose to $156,518 in 2013, up almost 19 percent from the year before. That ranked the city No. 1 for high-tech wage growth out of 34 markets nationwide, according to Bureau of Labor Statistics data crunched by JLL, a commercial real estate services firm.
The Sense sleep tracking device has been backed by angel investors and crowdfunding campaigns. Wall Street Journal’s Evelyn Rusli reports that startups are tapping new sources of early-stage funding, including ad hoc networks of wealthy tech executives doing some investing on the side, and that should give some big venture capital firms pause. Twenty-three year old entrepreneur James […]
One hundres dollars goes further in some states than others. A map released by the Tax Foundation, via Elliot Turner, shows the relative value of $100 in every state compared with the national average using the data from the Bureau of Economic Analysis.
Futurist Thomas Frey: The year is 2024. It seemed like a piece of nostalgia to open a new bank account and get a free toaster, but this wasn’t any ordinary toaster, and it certainly wasn’t any ordinary bank. The new Internet of Things Toaster was one of the coolest gadgets of all times, and the […]
How much money you make and how you spend that money plays a huge part in what your life looks like. What makes us unique? Well, we like to think lots of things make us unique: where we’re from, how we were raised, our tastes, our education. But for better or worse, how much money […]
The real estate blog Movoto shows the net worth of the richest resident in each U.S. state on this interactive map. Darker shades of blue reflect those at the richest end of the wealth spectrum, while darker shades of red reflect those at the lower end. As you can see in the map, there’s a wide […]