Glenbrook’s Bryan Derman is live blogging from FinovateFall 2010. This is one of several posts; you can find an index to his coverage here.
- Dashboard for investment geared to simple review of portfolio value, overall return and asset allocation
- Money is automatically invested in simple set of ETFs (Exchange Traded Funds) based on the desired allocation
- Bettermint provides tools to guide the asset allocation and ensures that the investor reallocates to maintain the desired mix. Also shows how other people are setting their allocations
- Claim that most investment return is based on proper allocation
- Interesting — another service built on the Yodlee technology
- Tax estimator and full Tax Center system are accessible from the bank website
- Can also submit questions to tax experts
- Using Yodlee to pull together relevant tax information — essentially delivers a bank co-branded version of H&R Block’s online tax software
- Tax Center will also default the consumer to a direct deposit of his refund into his account at the partner bank
- Readily available to banks using Yodlee
- Secure way to transact at any website with no merchant changes
- The SecureKey is a USB dongle that “reads” a contactless card and fills out the checkout forms; in effect, the SecureKey acts as a card terminal
- Business case for the issuer is to reduce the volume being lost to alternative payments like PayPal, Google Checkout, and Amazon Payments
- Card data is sent to the issuer for validation
- Also very useful for creating a more secure log-in to online banking sites
- SecureKey is currently under $5, and lower with volume; will also read NFC phones
- Will be piloting with several US and Canadian issuers shortly and have partnership deals with several networks
- A rich presentation layer that sits atop standard banking applications. Examples:
- Augment online banking site with relevant articles and information sources
- Create a branch-like experience by adding a live consultation via screen sharing, assisted form filling, etc.
- Small business banking site can be customized and made more interactive; proactively push relevant advice and ideas to the customer
- A Bloomberg for the rest of us — simple to access economic indicators
- Macroeconomic data made easy, along with stock screeners using fundamental and technical analysis
- Scenario analysis tool for modeling the economic and stock market impact of possible “black swan” events (e.g., subprime crisis, PIIGS all default)
- Gotta love it — start your own multi-billion dollar hedge fund using one simple website with an easy to navigate “children’s book” interface
- A way to develop apps in the fragmented mobile marketplace (new form factors, OSs, other software)
- Goal is to write it once, and run it everywhere — also change once, change everywhere
- One code base feeds multiple channels — desktop, tablet, various mobile phones, etc.
- Native, dedicated applications for each platform — all desktop browsers, iPhone, iPad, Android, Blackberry, other tablets
- Wow, I haven’t heard anyone use the term “future-proof” in a long time
During his 30-year career in financial services, Bryan has developed new strategies and innovative business models for banking technologies ranging from mobile payments deployment and online payment security to remote ATM operations and healthcare payments. Before becoming managing partner at Glenbrook, Bryan served as vice president of strategic development for Cyota and worked for First Data Corporation (FDC) as senior vice president for deposit access products at First Data Merchant Services.
Earlier in his career, Bryan established the Electronic Banking Division as a senior vice president at NatWest Bancorp in New York and worked as chief financial officer and head of strategic planning for NatWest’s retail bank. He performed similar duties within Citibank. Bryan began his career as a consultant at McKinsey & Company, where he managed strategy development engagements for large financial institutions. He also worked as an equity research analyst covering large capitalization bank stocks at Morgan Stanley.

