Blogs

Firms need business model change, not blockchain

Ben Robinson of Temenos has written a great piece on blockchain, the unbundling and subsequent rebundling of banks. Ben describes how in music, it was iTunes which unbundled music to let us buy individual songs. Spotify then rebundled the model to an all-you-can-listen streaming subscription service. This pattern when playd out …

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Playing the Game of Life

Almost 40% of workers in the United States are woefully unprepared for retirement, with less than $25,000 in total savings and investments. That’s not a huge surprise when you consider that 21% of workers with an employer-sponsored retirement plan are not contributing to their plan 44% are saving less than 10% of their income …

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Temenos Innovation Jam 2018

Temenos have 40 of the top 50 banks in the world running their software.  After Moroku’s Chore Scout app was awarded 3rd best retail banking innovation in the world, by Temenos and their customers at their Innovation Jam in May last year, much has happened. After looking at 873 FinTech’s …

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Youth Banking Segment

Moroku is passionate about building long term value by helping kids learn the fundamentals of banking and including them in the financial system. Our beliefs create our reality and if we can influence these positively magic can happen. Fintech companies are targetting the Millennials market segment across the world and challenging …

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Financial Literacy becomes a compliance lever

The Community Reinvestment Act (CRA), enacted by the United States Congress in 1977 is intended to encourage depository institutions in the USA to help meet the credit needs of the communities in which they operate. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a …

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Building Viral Banking Platforms

Moroku wants all kids to build a healthy relationship with and beliefs around money. We want to do this because we have a sense that money is a major way that we measure success and whilst it doesn’t create happiness there is no doubt that it is involved in many …

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The Great Savings Game

Funding Banking Retail banking is a simple game at its heart: Banks lend money to customers and make money on the margin derived from what it costs to get that money (Net Interest Income). On top of that they then look for cross sell opportunities such as cards and insurance. …

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Moroku Chore Scout scores Global 3rd

Moroku’s www.chorescout.com has won 3rd place in the Temenos 2017 Innovation Jam. There were 10 global finalists after the 5 regional heats with some strong competition. Each company was provided 7 minutes to pitch their story to the audience of over 1000 industry representatives from all over the world. Delighted with …

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Digital Banking – How it’s making us poorer

Since the turn of the century banking has undergone a rapid digital transformation. No longer do people line up in branches to do their banking instead they use their smartphones and computers, where monitoring accounts and transferring money is never more than a few clicks away. With this level of …

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Do Not Fire and Forget

Global revenue from mobile games is expected to rise 21% to about $37 billion this year. That’s twice what retail banks will spend on digital.  This growth has driven the China super hero Tencent to take a 84% stake in Supercell, the maker of the very popular Clash of Clans …

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