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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,…

Mobile banking and PFM is so last decade

Another conference focused upon financial innovation today, and all the talk is about mobile stuff, Google Wallets, mobile stuff, Banksimple, mobile stuff and Movenbank. I’m regularly stressing today that we must:: stop talking about mobile; and talk about the point-of-life. First, stop talking about mobile stuff. The fixation with mobile is because it’s finally come…

Is Bitcoin the future of money … or are we smoking dope?

Talking with some of the Financial Services Club sponsors last week, it is clear that there is still a debate raging about the future of cash.  Like the future of branches, which both Brett King and I discuss endlessly, cash is one of the other traditional bastions of the old guard of financial servicing. Yet…

Bitcoin

Is Bitcoin the future of money … or are we smoking dope?

Talking with some of the Financial Services Club sponsors last week, it is clear that there is still a debate raging about the future of cash.  Like the future of branches, which both Brett King and I discuss endlessly, cash is one of the other traditional bastions of the old guard of financial servicing. Yet…

Bitcoin

Banking as components or integrators

I just spent the day in a payments conference focused upon operational excellence. We talked about Basel III, SEPA, the PSD, Mobile … the usual stuff, but there was a particularly intriguing presentation from Olivier Denecker of McKinsey in the morning session on what operational excellence in payments is all about. I took a whole…

Virtual currencies will be the next wave of change

At #Eurofinance2011, I chaired another panel on innovations in payment channels with MasterCard, Coca-Cola and the UN World Food Programme. My opening piece talked about mobile channels and a lot about virtual currencies, including Facebook Credits, Ven Currency and Bitcoin. The mobile stuff garnered lots of nods and acceptance; the latter on virtual currencies seemed…

20111008_SRM111

Virtual currencies will be the next wave of change

At #Eurofinance2011, I chaired another panel on innovations in payment channels with MasterCard, Coca-Cola and the UN World Food Programme. My opening piece talked about mobile channels and a lot about virtual currencies, including Facebook Credits, Ven Currency and Bitcoin. The mobile stuff garnered lots of nods and acceptance; the latter on virtual currencies seemed…

20111008_SRM111

60% of the world’s order executions are on mainframes

I was just reading through my notes as Chair of the #TradeTech conference last week, and found a bunch of interesting notes and quotes.  Rather than assembling them into a sensible blog post, I’m just going to write them up ad hoc and you can make your own mind up about the meaning, context and…

60% of the world’s order executions are on mainframes

I was just reading through my notes as Chair of the #TradeTech conference last week, and found a bunch of interesting notes and quotes.  Rather than assembling them into a sensible blog post, I’m just going to write them up ad hoc and you can make your own mind up about the meaning, context and…

Trading before the trader

I chaired TradeTech Architecture  last week, and the conversation was all about HFT and low latency. For those not in the know, that’s High Frequency Trading, using a technology called low latency that enables ultra-high speed trading in real-time. What’s ultra-high speed? Well, I asked one panellist how fast you could process a trade around…

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