Grid

The last chapter of ValueWeb talks about what comes after the third generation internet: the internet of value.  This is the internet being built today, based upon shared ledgers, cloud, apps, APIs and analytics.  Of course, the next generation is the internet of things.  But what comes after that? There is an answer, but you…

A summary of the main blogs of the week … Dodd-Frank, Donald Trump and Goldman Sachs: you’ve been suckered The big headline on Friday was Donald Trump has signed an Executive Order to review the Dodd-Frank regulations.  He also changed rules relating to brokers, so that they can seek maximised profits rather than being forced…

Building on yesterday’s blog, there was another interesting debate about the risks of humans in the network.  Humans screw up.  Humans cause problems.  Humans have emotions.  Humans are not welcome here. A good example of why humans are not welcome is that it is typically human error that causes issue.  A self-driving car is likely…

I was in a long conversation about machine learning yesterday that will probably inspire a lot of blogging.  One of the key parts of the conversation was the integration of robotics and artificial intelligence.  When you can make love with a human being that doesn’t talk back, why would you want a real one?  Let’s…

For ten years, my friends cover at Z/Yen have been producing the Global Financial Centres Index (GFCI), on behalf of the City of London.  It’s a research program where people can answer the survey questionnaire and, from those participating, the different cities of the world vying to be financial hubs are ranked.  Around 2,500 people respond…

Banks are scared.  They’ve seen the rise of the new world of open APIs, apps and analytics and know that their organisations are not yet ready or fit to change to that world.  What to do? Well, the easiest thing to do is to block access to the bank’s data.  If third party FinTech firms…

The big headline on Friday was Donald Trump has signed an Executive Order to review the Dodd-Frank regulations.  He also changed rules relating to brokers, so that they can seek maximised profits rather than being forced to behave in the client’s best interests, as ordered under the Obama Administration. MSN reports: Taken together, the president’s…

A summary of the main blogs of the week … The Semantic Regulator (#RegTech Rules) A bank has to make a regulatory change every 12 minutes.  That’s some task.  A bigger question must also be: how can a regulatory check that a bank is compliant with their regulatory changes, if their regulations change every 12…

Curating the daily news yesterday, I was surprised to see an article published by Wharton Business School that irritated me. Wharton Business School is one of America’s Ivy League Universities up there with Yale and Harvard.  It should be publishing informed insights but this post was more of a headline grabber from Scott A. Snyder, chief…

I realised the other day that I didn’t have a good slide comparing the old bank world with the new.  I often refer to it with the line that banks were built in the last century for the physical distribution of money as paper in branches with buildings and humans; now they have to be…