Open Banking, metrics and money
metrics metrics metrics
With an openbank I get to prove a concept with the most old fashioned metric there is – money…
for what is money than the most generally accepted metric?
I want to educate people about the ownership of their data. No better way than to attach it to their money.
Show them that Data is the new money.
No better way to prove to businesses that people care than to make alot of money off of it.
No better way to get other banks to follow suit than to take money away from them.
yep I am a bit of a more pragmatic gal these days…
September 30th, 2009 at 11:20 pm
testing – evidently some people’s comments haven’t been working
December 3rd, 2009 at 5:57 pm
I am only partially through your posts (reading oldest first), so pardon if you address this in more recent posts.
I think on certain kinds of data can be the new money. Money has several characteristics:
- A medium of exchange – you will need a data type that EVERYONE can use
- A store of value – Most data has a time value. Heck, under this definition, US dollars might not even qualify
- Generally accepted as money – This can generate a lot of lively debate!