Advancing National Strategies for Financial Eductaion

Financial literacy is an enormous issue globally. There is a significant relationship between financial literacy and many of the issues that strike the planet such as peace and wellness. In September, Russia’s G20 Presidency and the OECD published the most recent global review of drivers and strategies for improving financial education globally The introduction is striking “Most financial literacy surveys…

Disruption – We’ve seen it all before

ANZ chief technology officer Patrick Maes commented in iTnews this week that a new technology is seldom very new at all,” Patrick speaks to a long held and personal belief that “our” ideas and indeed “new” ideas are merely a formulation of our experiences, usually involving the digestion of other people’s ideas and the greater creativity that is unfolding around us.…

Countdown mechanic in full effect

‘Meat Pack’ is a trendy fashionable yet edgy shoe store located in Guatemala, which opened its doors 3 years ago and has quickly gathered a cult following within the sneakerhead subculture. In this campaign, customers that enter competitor stores have their phones hijacked by a discount. The discount counts down from 100%, motivating the customer to leave the competitor’s store…

Cash remains King

Cash may be losing ground to alternatives but it is still 47% in Australia and 85% of all retail transactions globally. It comes down to: 1/ Anonymity – Many segments of the economy are still cash and we love it 2/ Speed and experience compared to banking products – cash is still way faster and more convenient than bank alternatives.…

The war in Crimea will weaken Visa and Mastercard’s market share even further

Russian President Vladimir Putin heads to China tomorrow to tighten relations with Beijing as ties worsen with the West over the Ukraine crisis. Along with Oil, gas and some 100 Sukhoi-Superjets, China Union Pay is likely to be on the table as the Kremlin seeks to implements its own national payment scheme and keep the US administrators of Visa and Mastercard…

Telstra Ventures outside of the Box Seat

Telstra Venture’s Box investment will surely come under the microscope with analysts seriously questioning the company’s ability to get their show back on the road in face of stiff commodity competition. File synchronisation used to be tough, but lets face it, with G-Drive, One Drive and Dropbox now firmly implanted, where do they go? The same could also be said…

Getting loyalty right in Omni channel

Today, 66% of consumers in the USA have a tablet or smartphone and that number is even higher in Australia where the number is greater than 80%. These numbers also get a significant uplift in young adults, aged 18 to 34 and those earning $100,000 or more. The research also shows we are increasingly shopping across channels, are happy purchasing…

1st vs 1st Challenger

Over the last 2 days Team Moroku participated in the CBA Albert Hackathon. CBA’s Albert is a new Mobile Point of Sale (mPOS) terminal that collapses the traditional card reader and the merchant application onto a single, mobile 3G and Internet connected device. The challenge of the Hackathon was for teams for 4 to review three merchants current POS, the…