Digital Bank

I’m about to have a week in Kuala Lumpur, if anyone wants to meet-up, with a focus on Islamic Finance. I remember twenty years ago talking with Mike Hanlon who was founding the Islamic Bank of Britain (IBB), and he was telling me how UK Gov really did not understand the concept. What is the…

My friend Paolo Sironi of the IBM Institute of Business Value has been touting his latest research: the 94% core banking problem. What’s it all that about? Well, it’s about how digital transformation or, as IBM calls it modernization, hasn’t delivered. In research conducted with a global survey of over 500 CIO’s and almost 200…

It was interesting that the Labour Party Annual Conference in Liverpool last week did not talk about digital identity schemes. This is the party in government who, days before the conference started, announced that all people who wanted to work in Britain would need a digital ID in their government app. Like the National Insurance…

Watching Sibos from afar – I haven’t been invited for a while due to being too provocative – I was not surprised to see that Quantum computing, AI, CBDCs, stablecoins, tokenization and blockchain are all making the headlines, as these are all the themes I spend my time presenting about around the world. Cybersecurity, AI…

I’ve just created a platform to tokenize idols. Any idol and even bits and pieces related to them. You can tokenize Taylor Swift’s underwear; tokenize Rory McIlroy’s golfing glove; tokenize Ryan Reynolds Wrexham shirt; or even tokenize Harry Kane’s big toe. After all, any part of an idol is worth something to a fan, so…

I just joined Huawei for their summit themed “Beyond Digital, Resilience Empowers AI-infused Finance”. It was interesting and Jason Cao, CEO of Huawei Digital Finance, gave a speech that was insightful around creating convenience with security through AI. One line that stood out for me is: “We must neither underestimate the long-term value of AI…

I was having a chat the other day. It was behind closed doors, under Chatham House Rule but, nevertheless, will share my thoughts here as the big question was: who are you marketing to? Several major football teams have bank brands all over them. Many websites are associated with financial brands. On television, there are…

There are more and more arguments over data access and data sharing. Who is right and who is wrong? As far as I’m concerned, my data is my data but now JP Morgan Chase is selling it to Plaid – for access, not for keeps, an important difference – and Europe has told America’s big…

Building on the last two blogs all companies, not just in finance, have been transformed through the connected, network economy. That was the last decade’s worth of digital transformation and has led analogue companies hoping that they are now digital natives, although many are digital immigrants, still with a log of their old analogue systems…

I was thinking more about this third revolution of financial technologies. The first was very much focused upon automation administration using mainframe computing;  the second moved from pure cost reduction to the changing dynamics of how to leverage productivity and cost using the network effects of connectivity, and driven by cloud and mobile; the third…