Digital Bank

Thinking about money being inside my head, it already is in many ways. When I go around paying for things, I’m not focused upon my balances but on living my life. In the back of my head is that awareness that debits are going down and credits up, but the actual numbers are generic and…

Building on yesterday’s idea of the future world, where our brains are connected 24*7 in real-time to the network, what would that mean for financial services? Well, I’ve blogged about this a few times already: Invisible banking is the place to be Nobody wants embedded finance Specifically, if we think of money as part of…

I was thinking about embedded, intelligent finance and imagining the future. There are many scenarios, but one that I kept returning to is when you have infi inside (intelligent finance inside). A chip in your brain, and you can run your life on automatic. It may seem phantasmagorical but there are several examples of where…

Although we can mock consulting houses, their research can prove incredibly useful. This is why I’ve just put McKinsey’s top 15 technology trends report at the top of my inbox. Here is the summary McKinsey Technology Trends Outlook 2023 After a tumultuous 2022 for technology investment and talent, the first half of 2023 has seen…

As millennials reach C-suite positions, they bring with them new eyes, new skills and new outlooks. In particular, they get technology, the internet, the digital world. Does this mean that banking will evolve and change naturally, due to new leaders with new eyes? Possibly yes, maybe no. The thing is that it is clear that…

I think it is time to launch a website of cryptoscams so yes, I’ve done it. It’s called cryptocrim.com, a space where all the crypto criminals will be thrown into Room 101, a place where you can consign anything you hate to history (although George Orwell had other ideas). The new site will be live…

Apple rules the world. Assailed by Google/Alphabet, Facebook/Meta, Samsung and more, Apple has sustained an incredible trajectory to become a three-trillion-dollar company. Apple is now worth more than the entire FTSE100 list of companies … In terms of competitors, only Microsoft comes close which, some say, is mainly due to OpenAI’s ChatGPT, but Apple’s dominance is…

There have been lots of write-ups about the launch of FedNow which went live last Thursday. FedNow is a real-time payments service for American banks, and gives them 24*7 real-time money transfers throughout its interbank system. Woo-hoo! As Stephany Kirkpatrick, Founder and CEO of Orum, explains on Quora: FedNow is an upcoming instant payment platform…

Always a controversial figure, Anne Boden has hit the headlines again after stepping down as CEO of Starling Bank. Her announcement of remaining on the Board but no longer being the leader of the bank was originally made in May: Boden, who owns 4.9 per cent of the bank she founded in 2014, said she…

A while ago, I cited one of the lessons of Doing Digital is that data is the air that we breathe: Data is the new air, and the banks that breathe the best will win (November 2017). Data is not oil, a rare fossil fuel that is finite; data is ever present, ever growing and powering…