« Mobile payments gorillas are already out there | Main | Things worth reading: (Friday the) 13th September 2013 »

September 13, 2013


Feed You can follow this conversation by subscribing to the comment feed for this post.

Tobias Thygesen

Isn't this also a case of "the curse of the London Underground": if you are early adopters and you have something that was once state of the art but now sort of works fine for all parties - and you even have some embedded infrastructure which to some extent hinders innovation, then the pressure to innovate is less. No-one would argue that the Tube today is cutting edge - but it works and it is probably quite expensive and difficult to update. If you started from scratch - as Copenhagen has actually done - you would go straight to something more open, airy, fully automated - and even with daylight reaching most metro stations... Add to that the complete success of the Dankort (our national debit card scheme) which Danes use anywhere for any amount and which they trust completely, you are perhaps not in a very innovation-friendly environment (but the Danish banks do innovate, I probably have to add... Not the least in the digitalization of processes based on the eID you mention).

Will Trout

It's a fairly crazy world where a supermarket (Coop) becomes a bank and a bank becomes a media empire (Jyske Bank, see http://www.linkedin.com/today/post/article/20130904113652-5853751-three-videos-changing-media-as-we-know-it ), but that's what's happening today in Denmark.

Beyond this blurring of traditional business lines, Jyske Bank is taking some bold steps to revamp their sales model by getting rid of tellers and charging customers (yes, customers) up to $25 US for cash and other transactions that could be performed online. One headline in the Danish press on this recent move noted that "the coffee is still free"!

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)

Twitter FSClub

    follow me on Twitter

    Your email address:

    Powered by FeedBlitz

    Search blog

    Amazon Digital Bank

    Financial Brand Editor's Choice

    Alex: The Finanser BlogAlex at the Financial Services Club
    Gaping Void: The Finanser BlogGaping Void's Hugh MacLeod worked with the Finanser
    Wordle: The Finanser Blog

    The Financial Brand


    Payments News - from Glenbrook Partners

    Payments RSS

    Tomorrow's Transactions blog