Questions I think of often.

This is the longer version of this Tweet and a continuation of these thoughts.

What if Banks decided to make their systems open — open to mean anyone can use their platforms to create services and applications? What if they were like Apple / Google (with respect to iOS and Android).

As a developer, I do not need permission from Google or Apple to build an App for their platform — I can just hack something together and then when uploading to their Store after some approval (Apple) / payment process is completed and…

2013 / 2014 Developments

I had a look at the Central Bank website and found a report on the Banking Industry during the quarter ended March 31 st 2014. I did some analysis and cherry picked some figures from the report. (Any errors in the figures below are mine — transcription errors)

General Statistics

Some general numbers I found interesting

Number of Deposit Accounts — 23.8 M a 9.2 % increase / Loan Accounts — 3.4 M

2.1M and 442K deposit and loan accounts are in MFBs (MicroFinance Banks)

Loans & Government Securities comprise 57.8 and 21.8 …

What important experiments can one run with BitCoin

I asked myself, if an ambitious African hacker was thinking of hacking the BitCoin protocol, what could they do? I have a few thoughts, these are not necessarily startup ideas — they could be with some deliberate effort from the hackers and Improvements on the BitCoin protocol.

To the popular press, “hacker” means someone who breaks into computers. Among programmers it means a good programmer. But the two meanings are connected. To programmers, “hacker” connotes mastery in the most literal sense: someone who can make a computer do what he wants—whether the computer wants to or…

Questions & The Future of Banking

I have been thinking about banks, banking and financial services. I try not to take things for granted — but instead question what I consider normal — I think its a good way to uncover secrets. The questions are by no means exhaustive.


What is a bank really? Is it a place? Why do bank branches close? Why do I have to sign for stuff and get in trouble if I forget the signature — why can’t I use my finger print or some other way to authenticate myself?

Why do I need a cheque book? Why do I have…


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