This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As my partner Rob Go has written , our goal is to invest half in consumer web and mobile and half in business-focused ventures. Ecommerce has transcended merely shipping a box to your home — it’s about leveraging mobile plus the internet to create an elegant purchasing experience previously unavailable.
Another industry being disintermediated by technology: Gaming Faces Its Archenemy: Financial Reality – [link]. Digital Ad Growth Slows, but Mobile Increases | AllThingsD – [link]. Four paths marketers must take to put mobile first | Econsultancy – [link]. IAB Study: Ad-Supported Internet Responsible For 5.1
The great RockMelt social disintermediation – [link]. 40 People Who Changed The Internet – [link]. The 4G forgery – T-Mobile does not have a 4G network – [link]. Business plans for entrepreneurs: the three ‘Rs’ – Part I – [link]. What I Wish I Knew Before I Started My Company – [link].
I had alluded to this in a piece I wrote in 2015 – Are Banks the Next Dinosaurs?: “Twenty years from now, we will see disintermediation of banks, and millenials will no longer recognize the current banking system as they will receive financial services from a number of new entrants in the technology sector. .”
Quite simply, the digital, mobile, and Internet revolutions are transforming the way customers access financial products and services of all types, and across all consumer and business sectors. How is the real / impactful is the world of mobile payments and where is it going? What does financial disintermediation really mean?
A few weeks ago my partner Albert Wenger wrote about Facebook being unbundled: "Facebook's Real Mobile Problem: Unbundling" where he opined that "mobile devices are doing to web services what web services did to print media: they unbundle." In other words, publishers and bookstores will be unbundled. That vision turned out to be wrong.
The ride experience is better in an UberX than a taxi, uberX is cheaper than a taxi, and on demand mobile booking, payments, etc make it way more convenient. And they are able to do this by circumventing traditional distribution taking advantage of the internet. Some companies have all three. Uber is the trifecta.
But the most significant changes from 2004 to today include the rise of fast mobile networks and broadband, breakthroughs in communications technology, and a shift towards decentralizing educational opportunities. In many places, mobile data and hardwired internet were still billed based upon usage.
Then, layer in elements of the kinds of companies funded by angel investment groups and early stage venture capital firms – i.e. focused on hot technology spaces like mobile commerce, healthcare information technology and possessing fast-scaling revenue and thoughtful “Porter Five Forces-Friendly” business models.
The most documented example of this is M-Pesa’s mobile money platform in Kenya, which I have written about a few times on this blog, including in my thesis piece When Third is First. Over 30% have used mobile banking in the past month, a mode of banking that is currently more efficient in Nigeria than it is in the United States.
The most documented example of this is M-Pesa’s mobile money platform in Kenya, which I have written about a few times on this blog, including in my thesis piece When Third is First. Over 30% have used mobile banking in the past month, a mode of banking that is currently more efficient in Nigeria than it is in the United States.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content