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Purpose

Are most ESG efforts just PR stunts?

I wrote two years ago about the BS that Blackrock talk about the climate. I mentioned this issue again in my update on the Money Rebellion last week and what really makes me angry is that  financial firms like Blackrock sign up to global agreements to protect the environment, and create a load of PR…

Rebel, Rebel, you tore your notes; hot world, I need your votes

Money Rebellion I’m finding the world a bit surreal – is it just me? Locked down for a year; totalitarian states; governments attacking people; governments killing people; black lives matter; wars rising; tensions rising; demonstrations on the streets; no concerts, entertainment or hospitality … the list goes on. Meantime, there are basic issues that still…

Amazon, Apple, Facebook, Google … Coinbase?

I was reflecting, which is dangerous. I was reflecting on my antipathy towards bitcoin as, like most bankers, it appeared to be a bit of a scam with no asset behind it. Then I woke up to what the libertarians have been saying to me all along: any currency is a scam. The US dollar…

The world according to Jamie Dimon

I read Jamie Dimon’s shareholder letter with interest this week. His message does not read like a shareholder letter from a banker …   Banks “are facing extensive competition from Silicon Valley, both in the form of fintechs and Big Tech companies (Amazon, Apple, Facebook, Google and now Walmart), that is here to stay. As…

The links between purpose, digital and leadership

As mentioned the other day, I’m focused upon purpose-driven banking these days. I guess this theme has come to the fore because of digital transformation, as the two seem to go hand-in-hand, and it sits at the heart of leadership. These themes were reinforced for me when Jim Marous sent me a report from MIT…

Tom Blomfield on what purpose-driven banking means

I’m working on a new book project. You might have spotted the themes in my recent blog entries but, if not, it’s all about purpose. The tagline is: if you don’t stand for something, you fall down, and is focused upon stakeholder capitalism. ESG, CSR and all that stuff and more. So, I’ve been watching for leaders who talk about…

Failure is the best thing for you

One of my most popular blogs, which surprised me, was when I wrote about how redundancy was the best thing that ever happened to me. It’s true. I learned more from failure than I ever learned from success. I learn more from hardship than I ever learn from complacency. It’s not true for everyone. It’s…

Are banks funding our extinction?

Readers of my blog may have realised that, over recent years, I’ve become a little bit passionate about saving the world. It’s our world. It’s the only one we’ve got. I’m quite keen to keep it here for that reason. Whilst coronavirus, disease and pandemics drive our thinking, we should not forget that there are…

The 11 P’s of Banking and 4 P’s of the Banking Mix

When I was growing up with learning management skills, one of those I focused upon was marketing and Kotler’s 4 P’s. If you’re not familiar it’s all about product, price, promotion and place. It’s something easy to remember, but then most folks are hard pushed to remember more than three things. That’s a shame as…

What’s next, after digital?

I was invited to do a keynote for a Canadian conference the other day, but on a subject different to my normal digital stuff. The theme was sustainable finance. I decided to take a different tack and talk about my other big passion: purpose-driven banking. Here’s the presentation and transcript. Trust it makes sense ……

Intelligent Money: Our Future Is Where We Do Not Think About Money, As Our Money Thinks For Us

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