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Shaping the future of finance

Technology

Consumers will pay for better online banking

PwC conducted research with almost 3,000 banking customers from a range of segments across markets to discover their expectations of banking in the digital age. They selected both emerging and developing markets including China, India, Mexico and the UAE, as well as developed markets like the UK, Canada, France and Poland. The research revealed that…

PWC PIC1

Horizontal versus vertical: do IT firms get it?

For most of my life, I’ve been aligned to the financial services industry as a supplier of technology. Throughout this time, my role has been as a solutions person, providing technologies that solve financial processing problems. And, throughout this time, I’ve dealt with technology companies that struggle with moving from being horizontal to vertical, from…

Rubiks cube

Horizontal versus vertical: do IT firms get it?

For most of my life, I’ve been aligned to the financial services industry as a supplier of technology. Throughout this time, my role has been as a solutions person, providing technologies that solve financial processing problems. And, throughout this time, I’ve dealt with technology companies that struggle with moving from being horizontal to vertical, from…

Rubiks cube

Visions of the future … 1960s stylee

Last year, I stumbled across predictions from a century ago, and responded by making some predictions for a century ahead.  Strangely enough, there was also a moment to look back over the last fifty years of technology developments around that time too. So it must be whilst sitting around on holidays that these things come out as,…

1975 and change

2012: a bank technology outlook

What’s hot in tech in 2012 is a continuation of what’s hot in tech in 2011: cloud, smartphones, tablet PCs, contactless mobile and more. Rather than just repeating all that again, let’s be more specific: Contactless mobile will reach a tipping point in retail payments Social media will become a core communications tool PFM, combined…

Frictionlesshownfcisgoingtochangetheworldnfc_4e5faebe3a4d4 (1)

2012: a bank technology outlook

What’s hot in tech in 2012 is a continuation of what’s hot in tech in 2011: cloud, smartphones, tablet PCs, contactless mobile and more. Rather than just repeating all that again, let’s be more specific: Contactless mobile will reach a tipping point in retail payments Social media will become a core communications tool PFM, combined…

Frictionlesshownfcisgoingtochangetheworldnfc_4e5faebe3a4d4 (1)

Taking a wallet onto a mobile doesn’t work

I discovered a fascinating report from Mobey Forum this morning. It was released this week, and says that “providing consumers with the convenience and functionality of mobile wallet technology will not be sufficient to drive mass-market adoption”. Mobey Forum – which describes itself as “the global bank-led industry association defining a prosperous mobile financial services…

Mobile chart

FPGA – the next trading revolution?

This week is a trading technology week, chairing panels at two trading technology events. The first is focused upon trading architectures and I’m surrounded by engineers. Forget strategists, technologists, programmers or developers. Engineers. The reason is that it’s all about FPGA’s. What the hell? FPGAs – Field Programmable Gate Arrays. This is basically a chip…

The future competitive battleground

I blog a lot about the disruptions of new technologies on bank structures, but only in the last few weeks had the chance to reflect upon what this means overall to a bank’s strategy. A bank is a digital business, as mentioned so often before. As a digital business, all banking can be broken down…

We need the iPod of payments

I felt vaguely irritated today when an analyst from a major research firm was asked to position why NFC contactless payments haven’t taken off. He said they had analysed the worldwide global market for mobile payments, the demographics of takeup, the likelihood of using contactless payments, the audience for new forms of payments, etc, etc,…

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

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