Franki Chamaki » Blog Archive » Will Facebook be the next world bank?
Will Facebook be the next world bank?

I was watching this vblog from Thomas Power (founder of ecademy.com) who put out this interesting question.

So, lets review some of the key points
  • Facebook will pass Google in terms of traffic over shortly.  Some reports that this has already occured Facebook will apporach billion users by the end of 2012.#
  • Facebook hold most detail personal perferences (eg interests, hobbies, likes, dislikes) of its users (essentilly, I self made CRM system) that
  • Facebook can mine and help its users get deals such as Groupon.
  • Providers like www.prosper.com and www.zopa.com already already provide borrowing exchange services between real people  –  sidesteping the banks to get a better deal.  While www.mint.com and www.smartypig.com offer its members the opportunity to for people to save for specific financial goals like a wedding, a vacation or a flat-screen TV etc
  • It won’t take much for Facebook social-led financial services that combine things like www.zopa.com with mint with Groupon