Saturday, December 17, 2011

Banks And Social Networks

Major Netocracy coming down!
And in the last year or so, financial institutions have started exploring ways to use data from Facebook, Twitter and other networks to round out an individual borrower’s risk profile—although most entrepreneurs working on the problem say the technology is three to five years away from mainstream adoption.

Update : While we're on the subject of Netocracy, here's Dillow on the irrelevance of politicians. Another symptom of the shift to Netocracy is the decline of the democratic nation state (a classic institution of "Project Man") attacked on all sides by networks. In this case, finance networks. (Look at Dillow even parroting the classic media-vs-state line : that voters have recognised the irrelevance and are bored with politicians.)

No comments: