As we start to reimagine the bank, it is obvious that focus on the platform design and user experience is key, as demonstrated by YouTube. A second key factor is recognising that the world has changed thanks to the mobile network. We probably go yea, yea, yea when we talk about mobile, as we’ve all…
I need a little time to think about my reimagined financial structure, but some of the basics are already in play such as the idea of thinking about value exchange rather than monetary exchange. Value exchange is based upon the ability to reach the world with a thought. I do that every day via social…
After writing about whether we are creating faster horses when we think of applying open sourced technologies to banking, some more thoughts occurred to me: Are we applying Blockchain to clearing and settlement, rather than reimagining the whole trade cycle from liquidity structures to collateral management using open source platform structures? Are we using data…
I launched ValueWeb in Singapore yesterday and my friend Vladislav Solodkiy, Managing Partner at FinTech VC Fund Life.SREDA, hosted the evening. He was kind enough to share his speech with me, so I thought I’d copy it here and share with you. Enjoy! From BaaS and neobanks to FINTECH-BANK Fintech is currently undergoing a natural evolution stage….
I’m often asked, as we move more and more to digital communications: what will happen to the people? What will happen to the people? As we move to robotics, automated agents, augmented and artificial intelligence, what will happen to the people. If we have no branches, no structures and no buildings that need humans, what…
Our main stories of this week includes … In the digital age, printed proof of identity is ludicrous I remember being involved in a business process re-engineering project for an insurance firm some years ago. We looked at how the underwriting process worked on complex insurance risks and discovered that in the middle of the process,…
I remember being involved in a business process re-engineering project for an insurance firm some years ago. We looked at how the underwriting process worked on complex insurance risks and discovered that in the middle of the process, the documentation would move to the overseas desk. It would sit there for a day or two,…
Talking about transformation at conferences every day gets you into a mantra. My mantra is leadership and how banks lack technological leadership. The pushback is that you have too many technologists without banking knowledge. We need banks run by people who understand money, and they can tell the technologists what to do. I’m not so…
I’m often talking about Victorian visions of the future to illustrate the issue we have today. The Victorian vision of the future was dealing with a number of problems, one of which was horse shit. Manure. Manure was a massive issue. Victorian Britain had too many horses and carriages on the streets, and the horses…
