Digital Bank

Digital Bank (revised) is released today

Last October I published Digital Bank via Amazon. I was pretty pleased with it, and it got some good reviews: “I can honestly say this is one of the best books that I've read on the subject matter around what constitutes banking in the present, past and future.” David Brear, Digital Banking Director, Gartner Group  “I…

Apple

Digital Finance is not the same everywhere

I’ve just been doing a roadshow of events that focus upon Digital Finance with Sitecore, a software development company focused upon digital customer experiences. During the roadshow, they’ve been presenting research in the four countries of focus – Finland, France, Italy and Poland – of how electronic channels and customer relationships are changing. The research…

Sitecore

Digital Finance is not the same everywhere

I’ve just been doing a roadshow of events that focus upon Digital Finance with Sitecore, a software development company focused upon digital customer experiences. During the roadshow, they’ve been presenting research in the four countries of focus – Finland, France, Italy and Poland – of how electronic channels and customer relationships are changing. The research…

Sitecore

AML prevention lies in digital identities: the new form of money

After yesterday’s post about KYC, PEPs and AML, someone said: “so what’s the point Chris?” @FSClub not quite sure of the point you are making here. Money L bad. Hard to catch. Harder if not in official channels. It was ever thus? — Julian Lee (@JulianDDLee) May 8, 2014 The point of yesterday’s blog was…

Banking-as-a-Service, five years later

In a final note on the Digital Bank Transformation, I return to a theme I’ve explored a few times (from Banking-as-a-Service to APIs and apps). The core of the model of banking is represented in various ways, but I encapsulate it as three companies in one: a retailer that has customer intimacy; a processor that…

Decomponentisation

Banking-as-a-Service, five years later

In a final note on the Digital Bank Transformation, I return to a theme I’ve explored a few times (from Banking-as-a-Service to APIs and apps). The core of the model of banking is represented in various ways, but I encapsulate it as three companies in one: a retailer that has customer intimacy; a processor that…

Decomponentisation

Please refer to the Digital Department

I have this cheesy line in my presentation about digital is a journey, not a destination. The destination comment is that most senior bank management think it’s a one-off project, like building a pyramid or a cathedral. You make the investment and it’s done.  That’s not the case. Digital as a journey requires this to…

Please refer to the Digital Department

I have this cheesy line in my presentation about digital is a journey, not a destination. The destination comment is that most senior bank management think it’s a one-off project, like building a pyramid or a cathedral. You make the investment and it’s done.  That’s not the case. Digital as a journey requires this to…

You may be innovative today, but tomorrow you’re just an incumbent

I’m going to give up on the discussions about banks dragging heels when it comes to the global net soon, but only after a few more pieces of debate. Today, it’s all about innovation. Innovation eventually is absorbed into the mainstream and becomes the incumbent. Yahoo! was disruptive until Google appeared; Google was disruptive until…

You may be innovative today, but tomorrow you’re just an incumbent

I’m going to give up on the discussions about banks dragging heels when it comes to the global net soon, but only after a few more pieces of debate. Today, it’s all about innovation. Innovation eventually is absorbed into the mainstream and becomes the incumbent. Yahoo! was disruptive until Google appeared; Google was disruptive until…