Comments on: My time with the Geezeo founders… it’s a pretty sweet service http://www.centernetworks.com/my-time-with-the-geezeo-founders Web 2 and Social Media News and Reviews Sun, 12 Feb 2012 21:27:36 +0000 hourly 1 http://wordpress.org/?v= By: Mike http://www.centernetworks.com/my-time-with-the-geezeo-founders#comment-13338 Mike Wed, 30 Nov -0001 00:00:00 +0000 #comment-13338 Allen, this is an interesting write-up. I worked at banks for many years and think Geezeo is an interesting idea although they will have challenges. A company called Yodlee has long been trying to aggregrate customer info and offer recomendations based on it. They offer the same type of aggregration albeit with less features but the uptake was never that high. Getting consumers to share their information and take action on it is actually extremely difficult. Everyone sees the ads for ING, Emigrant Direct but how many people actually open an account and transfer their money? I do think their service has lots of potential but I would advise them to really think through their model and talk to banks if they haven't already. I'd be happy to provide them with more insight from the world of banking if they want to contact me: mobious78756@yahoo.com or leave a message on my site. Best of luck to Geezeo. Allen, this is an interesting write-up. I worked at banks for many years and think Geezeo is an interesting idea although they will have challenges. A company called Yodlee has long been trying to aggregrate customer info and offer recomendations based on it. They offer the same type of aggregration albeit with less features but the uptake was never that high. Getting consumers to share their information and take action on it is actually extremely difficult. Everyone sees the ads for ING, Emigrant Direct but how many people actually open an account and transfer their money?

I do think their service has lots of potential but I would advise them to really think through their model and talk to banks if they haven’t already. I’d be happy to provide them with more insight from the world of banking if they want to contact me: mobious78756@yahoo.com or leave a message on my site.

Best of luck to Geezeo.

]]> By: Jason Sadler http://www.centernetworks.com/my-time-with-the-geezeo-founders#comment-13339 Jason Sadler Wed, 30 Nov -0001 00:00:00 +0000 #comment-13339 But I am just not quite sold on the doling out of my personal financial information. Granted someone could get it from my online banking, credit card and mortgage.. But it's hard to swallow using a start-up company for such personal information. Allen, are you going to use this service? But I am just not quite sold on the doling out of my personal financial information. Granted someone could get it from my online banking, credit card and mortgage.. But it’s hard to swallow using a start-up company for such personal information.

Allen, are you going to use this service?

]]> By: jamie martin http://www.centernetworks.com/my-time-with-the-geezeo-founders#comment-13566 jamie martin Wed, 30 Nov -0001 00:00:00 +0000 #comment-13566 i think it's a fantastic product i think it’s a fantastic product

]]> By: Shawn Ward http://www.centernetworks.com/my-time-with-the-geezeo-founders#comment-13800 Shawn Ward Wed, 30 Nov -0001 00:00:00 +0000 #comment-13800 Allen, Great meeting up. Pete and I enjoyed spending time with you, and are both fans of your site. I did want to talk a little bit about our launch plans. Some of the features you mentioned are available now, others will be available in a few weeks. Live now: Ability to automatically aggregate checking, savings, and credit card accounts Mobile access - text messaging for all acct balances Groups - foster a community around groups Product ratings - allow user to recommend (or not) their products Coming in the next few weeks: smart comparisons to alternative products transactional level details with smart tagging comparisons to the group Looking forward to any feedback your readers may have. Shawn Allen, Great meeting up. Pete and I enjoyed spending time with you, and are both fans of your site.

I did want to talk a little bit about our launch plans. Some of the features you mentioned are available now, others will be available in a few weeks.

Live now:
Ability to automatically aggregate checking, savings, and credit card accounts

Mobile access – text messaging for all acct balances

Groups – foster a community around groups

Product ratings – allow user to recommend (or not) their products

Coming in the next few weeks:

smart comparisons to alternative products

transactional level details with smart tagging

comparisons to the group

Looking forward to any feedback your readers may have.

Shawn

]]> By: centernetworks http://www.centernetworks.com/my-time-with-the-geezeo-founders#comment-13962 centernetworks Wed, 30 Nov -0001 00:00:00 +0000 #comment-13962 <p>Jason, I would have to say no. At least not in the beginning. Unfortunately having worked in the financial world years ago, I am very resistant to using new banking services. In fact, I resisted online banking for a long time. I would use Geezeo as I think it has a great potential once it has been around for a while and has proven itself. They also said I wasn't in their demographic.</p><p>Both Shawn and Peter come from the financial sector which helps me raise my trust ranking for Geezeo over say if 2 web dudes built it. </p><p> </p> Jason, I would have to say no. At least not in the beginning. Unfortunately having worked in the financial world years ago, I am very resistant to using new banking services. In fact, I resisted online banking for a long time. I would use Geezeo as I think it has a great potential once it has been around for a while and has proven itself. They also said I wasn't in their demographic.

Both Shawn and Peter come from the financial sector which helps me raise my trust ranking for Geezeo over say if 2 web dudes built it.

 

]]> By: Max http://www.centernetworks.com/my-time-with-the-geezeo-founders#comment-14115 Max Wed, 30 Nov -0001 00:00:00 +0000 #comment-14115 Geezeo is a good idea going nowhere fast if they don't create a better business model. I've seen them present at the WebInno gathering in Cambridge, MA and heard the founder say something like "people in our target age bracket don't care about giving their secure information online anymore." This is, and was, ridiculous. No one in their right mind would give a start-up all of their personal financial information -- this is a service begging to be hacked and I, for one, would stay far away from the service. Their standard answer "you're not in our demographic" (I heard them say that to -- well, everyone) should really be changed to "you're not stupid enough to trust a bunch of guys that don't have any real answers about our security problems." That said -- it'd be a perfect service for a larger bank to integrate into their systems. Would I trust, say, Bank of America, over a start-up with a goofy name like Geezeo? Sure, BoA isn't perfect, likely even has security breaches -- but perception and accountability are important. Even with a breach, I can sue and get something from BoA. What would I get from Geezeo? My identity stolen and the founder's iPod in a settlement, likely. Geezeo is a good idea going nowhere fast if they don’t create a better business model. I’ve seen them present at the WebInno gathering in Cambridge, MA and heard the founder say something like “people in our target age bracket don’t care about giving their secure information online anymore.” This is, and was, ridiculous. No one in their right mind would give a start-up all of their personal financial information — this is a service begging to be hacked and I, for one, would stay far away from the service. Their standard answer “you’re not in our demographic” (I heard them say that to — well, everyone) should really be changed to “you’re not stupid enough to trust a bunch of guys that don’t have any real answers about our security problems.”

That said — it’d be a perfect service for a larger bank to integrate into their systems. Would I trust, say, Bank of America, over a start-up with a goofy name like Geezeo? Sure, BoA isn’t perfect, likely even has security breaches — but perception and accountability are important. Even with a breach, I can sue and get something from BoA. What would I get from Geezeo? My identity stolen and the founder’s iPod in a settlement, likely.

]]> By: Skip Pendleton http://www.centernetworks.com/my-time-with-the-geezeo-founders#comment-14489 Skip Pendleton Wed, 30 Nov -0001 00:00:00 +0000 #comment-14489 To Max Re: Better Model Needed My main man, Max. I respect your opinion about Geezeo, but feel you are extremely misguided. I think it would be doping people who have read this a disservice not to present the other side of the story, or as I like to refer to it as, the facts. After researching Geezeo and other personal finance websites including those maintained by, bigger corporate entities, like Chase and BoA; I learned that your identity-theft doomsday scenario is unlikely to say the least. Geezeo uses CashEdge, a third party aggregate data storage company of immense "perception and accountability" which as you stated, are so important. CashEdge is the trusted partner of over 6,000 financial institutions (i.e Vanguard) in the US. It is by mere circumstance that Geezeo happens to be one of them and is, a "startup company." In addition; just to be extra safe - Geezeo communication goes on behind an encrypted connection. I am not the most tech savvy person, but my brother-in-law is a software programmer an he basically broke it down for me like this: - "its legit, Geezeo is mad secure yo!" (he is way in to underground rap music right now) But, hey Max...Max-o-rama...The Max-o-nator: You're a cool dude and I dig your paranoid styles. We have to stay vigilant in these turbulent times. To Max
Re: Better Model Needed

My main man, Max. I respect your opinion about Geezeo, but feel you are extremely misguided. I think it would be doping people who have read this a disservice not to present the other side of the story, or as I like to refer to it as, the facts.

After researching Geezeo and other personal finance websites including those maintained by, bigger corporate entities, like Chase and BoA; I learned that your identity-theft doomsday scenario is unlikely to say the least.

Geezeo uses CashEdge, a third party aggregate data storage company of immense “perception and accountability” which as you stated, are so important.

CashEdge is the trusted partner of over 6,000 financial institutions (i.e Vanguard) in the US. It is by mere circumstance that Geezeo happens to be one of them and is, a “startup company.”

In addition; just to be extra safe – Geezeo communication goes on behind an encrypted connection.

I am not the most tech savvy person, but my brother-in-law is a software programmer an he basically broke it down for me like this: – “its legit, Geezeo is mad secure yo!” (he is way in to underground rap music right now)

But, hey Max…Max-o-rama…The Max-o-nator:
You’re a cool dude and I dig your paranoid styles. We have to stay vigilant in these turbulent times.

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