Academic and newsworthy discussion
Taking friction out of banking: how can banks improve the digital experience to retain customers in a competitive market? Remarkably complementary paper to 3DaRoC from experience design consultancy, Beyond
Will we still be using cash in 10 years? Some coverage of the project, from the Lancashire Evening Post
Don’t get too smart on payments by phone. Press release.
It’s sound – Bristol Pound encourages community unity. Bristol University News
Don’t get too smart on payments by phone. Talk Retail
Slick Mobile Payments can Rebound on Retailers. Information Security Buzz
— Social Studies of Finance
Social Studies of Finance – broad set of papers from conference on the topic
Social Studies of Finance | socializing finance: socializing finance – blog post on ‘low and high finance’
Social studies of finance | New Combinations. Blog, ‘Learning from the social studies of finance
Online finance should be the next concern, not spying bins – from Technology Org.
— Digital and Mobile: Payments, Currencies and Money
When Cards and ATM’s are the only choice: A fortnight in Cyprus with no banking system, nor trust, by Efthymiou and Michael (2013), discussing what can happen around payments and payment infrastructures when financial systems collapse
Amazon pulls back from mobile payments and ditches Wallet app | Mobile Phones News | TechRadar. Too many market entrants?
Public Displays of Transaction – Digital money as a (problematic) social medium (medium.com).
Ripplepay. P2P Software solution: “a payment system where everyone is a banker. Connect to your friends, family, and associates and your credit with them becomes a fully-functional currency”
BBC Radio 4 – You and Yours, 13/03/2013 , Mobile Payments, incl. glitches and trust issues
Payment Technogies Workshop | UCI Institute for Money, Technology, and Financial Inclusion. Interesting readings!
Switching from paper to digital systems makes financial services globally accessible (and relevant). Ideo article on designing for mobile finance.
EightySomething (research project with older people, carers, and the financial and third sectors to design provocative and innovative digital technologies)
Reducing the risk of default for Payday Loans – from the NY Times: automated risk analysis underpinning “fringe alternative scoring models” from social media with ‘big data underwriting’.
New Economic Models in the Digital Economy – addresses ‘what is a new economic model’?
Venmo security: It’s not as strong as the company wants you to think. Credibility issues emerging over peer-to-peer payments (Slate.com).
Understanding Alternative Finance: The UK Alternative Finance Industry Report 2014 | Nesta. Detailed report – examines growth, trends and dynamics within the UK alternative finance sector, including P2P lending.
Democratising Finance: Big banks eye peer-to-peer lending push – from FT.com. Headline: P2P lending no longer seen a democratising, alternative force in the banking industry.
Google in peer-to-peer lending venture – from FT.com.
UK peer-to-peer market visualised. Fascinating view into the spatial distribution of activity.
The Rise of Future Finance | Nesta: ‘results from the first ever survey of UK alternative finance intermediaries’
Collaborative Finance, mapping closely to the domain of 3DaRoC; describes what it is, who does it and why they do it.
CBI: Guide to forms of alternative finance. Report on varieties and flavours of the emerging forms of alternative finance.
ALTERNATIVE, LOCAL AND COMMUNITY CURRENCIES
IJCCR | International Journal of Community Currency Research. ‘The global open-access journal for research and analysis of community and complementary currencies’. Interesting and *free* academic resource on this topic.
Carbon currencies: A new gold standard for sustainable consumption? by Gill Seyfang. pdf
— Brixton Pound
Lessons in monetary theory from complementary currencies. Case studies of the Brixton Pound and Swiss WIR underlining the socially and politically constructed nature of money. – Josh Ryan-Collins, NEF.
Interview with Brixton Pound co-founder Susan Steed. — resolutionstofundcities.org
New Electronic Payment System announces – ‘tap and pay‘. New digital solution for an alternative currency.
— Bristol Pound
So you want to invent your own currency? Brett Scott – Aeon Magazine.
Community Currencies? what money is and the design of currencies, from QOIN, developers of the infrastructure underlying the Bristol Pound
The Paradoxes of Distributed Trust: Peer-to-Peer Architecture and User Confidence in Bitcoin — article by Mallard, Méadel and Musiani, in the Journal of Peer Production; esp. interesting as it focuses in on infrastructures.
The state of Bitcoin. Figures for Q2 2014 — CoinDesk.com
My life on Bitcoin – slightly bizarre, but interesting article on the tribulations of actually spending BitCoin (from GQ Magazine)
The Coming Digital Anarchy – extending the infrastructure of BitCoin (the blockchain) to non-financial services (from the Telegraph)
BBC News – The Bitcoin bubble (Warning: The value of your investment may go down as well as up)
Bitcoin ATM appears in Zurich — CoinDesk
BBC News – Virtual cash exchange becomes bank – Bitcoin-Central becomes a Payment Services Provider (PSP) with an International Bank ID.
LOOKING TO THE FUTURE
— The Future of Money
The Future of Money-Like Things — The Atlantic
End of physical currency a ‘reality’, says Visa — The Telegraph
The Case For Cash. Part One. Dispelling the myths around cash (starting on page 10). — By Currency Research
The Memory Bank » Money in an Unequal World – “The key to economic democracy is to focus on the money instruments themselves which are changing in response to the repersonalization of economic life in a world of cheap information. The paper reviews the evidence for such change and considers the future of money” with links to book by Prof. Keith Hart, financial anthropologist.
The Cashless Society | Historical and contemporary perspectives on the future of money. Blog on the future of money.
Alternative Finance – The Bottom Line “, with Evan Davies (video)
— The Future of Banking
10 Innovations For The Bank Of The Future. Automation!! Algorithms!! Which of these will be around in 2020? — Wall Street Journal
Lloyds plans move towards ‘digital’ high-street bank. “Three years ago, Lloyds had no customers using mobile technology, yet it estimates 5 million did so this year,” — The Guardian
— Policy, and Bank of England on Money
The relationship between banknotes and the vouchers of local currency. — Bank of England Quarterly Bulletin 2013 Q4
Money in the modern economy: an introduction – easy to read review piece, covering e-money. Bank of England Quarterly Bulletin 2014 Q1
Banking 101 Video Course » Positive Money: how banks work, how money is created, the ‘money multiplier’, money vs. credit, and how money is ‘destroyed’.