Technology

Apr 10, 2014

1.4 billion people have smartphones increasing at 44% per annum (infographic)

A fantastic infographic was sent over to me today by the folks at Open Mobile Media. Main headlines include: banks are the most trusted mobile payment providers (43%) half of all smartphone users expect to adopt the use of mobile wallets in the next three years 1.4 billion people now have smartphones, increasing at 44%…

E4PMobilePaymentsPredictionsandTrendsinfographic (1)

Apr 9, 2014

Laughing at the banks and all the way to the bank?

Talking of a two-stream market divided between Political and Economic change and Social and Technological change, there are other undercurrents that ripple in these waters. For example, why is it that most bank conferences are either about regulation or innovation? Because one forces change to happen whilst the other offers the opportunity to change? Or…

Apr 9, 2014

Laughing at the banks and all the way to the bank?

Apr 8, 2014

Bankers and regulators: do you want a Red or a Blue Pill (Matrix)?

I had a Red Pill moment last week. Not an Aha moment but a Red Pill moment because I realised the false reality of our world. You see, I present all the time and talk about the forces of change for the future: Political, Economic, Social and Technological (PEST). I usually skip over the Political…

Mar 28, 2014

The time is ripe for disruption in banking

Building on yesterday’s debate about Google and co coming into banking, and the previous discussions of such: Imagine less than 50 banks left in the world by 2030 (why most will not become digital) If you think 'rip out and replace our systems' is naive … think again … and there’s been loads more, I was…

Mar 27, 2014

Data wars: why Google, Apple, Facebook and Amazon will eat the banker’s lunch

I chaired a meeting of bankers last night, and we talked a lot about data and data leverage. One thing that bubbled up to the service over and over again was the threat of GAFA – Google, Apple, Facebook and Amazon (building upon last week's blog about same). This also was raised at the conference I…

Mar 26, 2014

Forget operational risk, let’s talk about systems risk

I know that I keep blogging to banks to rip out and replace their core systems if they’re not fit for purpose, but today the point really rammed home hard. The point began with my usual ranting about how I dislike omnichannel as a phrase. It’s not that I dislike the phrase, I just don’t…

Mar 20, 2014

BBVA’s amazing API challenge

I missed this competition at the end of last year but luckily caught BBVA presenting at the American Banker Retail Bank 2014 conference and was blown away. BBVA gave away their data. Yes, they created an API and gave it away for free. Open source bank transaction data and then see what you can do…

Mar 20, 2014

BBVA’s amazing API challenge

Mar 14, 2014

Digital wallets will process all the money on earth by 2025

Another presentation that surprised me in Oslo came from Tor Jacobsen, CEO of TSM Nordic. It surprised me as I had no idea about TSM, a mobile wallet provider owned by Telenor and DNB – Norway’s biggest mobile network operator (MNO) and biggest bank – and will launch in the Norwegian market later this year…