Alternative Banking

The way I see it, there are three ways to get Banking Reform to happen faster, before the inevitable crash:

1. Education (This is why I make banking reform an integral part of my training company, Benedix, that is the world largest training company for students seeking careers in banking). We need a next generation of Bankers aware of what they are doing.

2. Politics (This is why I support Positive Money) The change we need in Banking can only be done at the government level. They are the ones that need to decide who has the ability to create money.

3. Business (This is why I founded We need an alternative to Banking and I have been busy getting ready to launch a place where people can lend, loan, invest, raise funds and network bypassing the traditional banking system.

Having signed the contract with my publisher to write my latest book on the future of banking and the launch of my alternative non-bank ‘‘  around the corner, I have been on a bit of meeting frenzy.

So after all this talk about Facebook and Google becoming banks, I got inspired to call a meeting with Thomas Power himself and a team of experts…

As banks have such a track record of non-transparency, I thought I would do the opposite and pull out the video camera during my meetings.

We live in the digital, social transparent age after all right?

Quite a challenge for banks when I tell them that.

But anyway…

So Thomas Power thinks that Facebook will have a go at creating a worldwide monopoly in financial services.

As crazy as that sounded when he first said it in that famous Bank Of Facebook video, with the launch of Facebook Credits and their interest in Lending Club and Prosper, it does not seem to ‘out there’ anymore.

Then we have Google who has already made the first move with the launch of Google Checkout and Google Wallet.

Could the latest attempt at a social network, Google Plus, be a fully transparent way of dealing with their banking customers in the future?

Amazon Payments has made a move, and with that many credit card details stored on their system, what would a move to banking look like for them?

We live in interesting times and I would love to hear your thoughts.

Simon Dixon

P.S. If you would like to stay up-to-date with the launch, just enter your name and email on the pre-launch website and comment below if you have any suggestions.

Simon Dixon

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