Future

Sep 30, 2009

What is innovation in banking?

I spent all day yesterday with a group of bankers in Portugal. Why? Well, it is the annual Infosys customer conference and they were kind enough to invite me over to give a keynote, which I will post here shortly. It was also run under Chatham House rules … so here’s who said what. Actually,…

Sep 28, 2009

Forget money, let’s use sand

For years, I’ve played poker with matches and chips rather than coins and notes. We accept that a match can be ten cents or a chip is a dollar or more. We don’t need real money to know our exchange rates. Now, this basic idea is being replicated in social networks. Facebook, as many of…

Sep 25, 2009

Has the G20 solved the financial crisis?

NO I was going to leave it at that but ok, I guess I better explain. The G20 is here. No more G7 or G8. Twenty of them now. Count them. The big EU players, America, the BRIC economies, Japan. You’ve got Argentina, Oz, Canada in there. Indonesia gets a nod, as does Saudi Arabia…

Sep 23, 2009

What is innovation in payments?

I was asked to write about innovation in payments last week, and so here’s the first of three parts. The first part will focus upon retail payments innovation; the second, corporate payments; and the third, trade settlement. A weekly non-exhaustive update so to speak. First, what is innovation? Let’s define it again (yes, I’ve blogged…

Sep 17, 2009

Is there any innovation here? Nope

After the innotribe stuff, it was off to a panel debate about “payments innovation”. This session was described as follows: “The crisis has put the emphasis back on traditional banking and sources of revenue, with payments coming to the fore again. Yet payments are also seen as a commoditised, legacy business where scale is everything….

Sep 17, 2009

Is there any innovation here? Nope

Sep 17, 2009

SWIFT innovations: a ‘trust score’ (update)

So, the innotribe session has just come to a close. I'll post more about the ideas proposed for SWIFT to invest in later, but here's our team's idea. First, what is innotribe? It's a stream at SIBOS focused upon finding innovations in finance for the future comprising SWIFT and banks, corporates and anyone else who's…

Sep 17, 2009

SWIFT innovations: a ‘trust score’ (update)

Sep 16, 2009

Innovation, the future and horses

After that panel session it’s literally been rush, rush, rush. Rushed off to join a panel that I was presenting, chaired by Matteo Rizzi of SWIFT. The panel consisted of a role play discussing the six themes I’ve blogged about in the build up to SIBOS with Mary Knox of Gartner and Richard Jaggard of…