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Virtual communities and digital worlds

Lex Sokolin

Our communities and networks have become increasingly digital. That means that our physical communities are also our digital communities. People are not buying some abstract reductionist notion of “products”, they are economically participating in communities with counterparties native to those communities.

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The rise of Monzo, Revolut, and Starling and a comparison of Facebook and Whatsapp

Lex Sokolin

The massive digital payments volumes figures and money market amounts eclipsed all expectations. In American terms, you should think of Visa or MasterCard as a comparison, or maybe American Express. a little bit less than 10% of the entire UK market. And so the neobanks adopted the outward appearance of superapps?—?to

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The Velocity of Risk – What Bankers Need To Know

South State Correspondent

In this age of social media, global interconnectedness, and market volatility, banks can be one tweet torrent away from a lightning-fast onset of risk. The Comparison of Risk. Instantly, the cash flow for those businesses that many community banks lent to is impacted. In this case, the expected loss changed by 30%.

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How to Create a Spark in Your Community

Social Assurance

Is your community something you’re proud of? What effort are you putting in to better your community? Financial brands are truly are the heroes in their communities. Our Community Spark award recognizes banks and credits that are going above and beyond to create a spark and make a difference.

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Personality Traits You Should Cultivate to Reach Millennials: How Understanding Your Audience Increases Business Value

NCR

This is true for all industries and service segments including established institutions such as the banking community. Social media plays a huge role in this. Thrive in team oriented settings and communities. Be tech saavy – at least in comparison to other generational groups.

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On The Rise: Virtual Luxury Goods

CB Insights

(FYI, virtual goods are non-physical objects that are created, sold, and used across online communities and games. For comparison, this is the same price as a Gucci sequin-embellished dress sold by luxury e-tailer Farfetch. While the current size of the virtual luxury items market may be negligible, the potential is enormous.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. trillion failed.

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