Digital Bank

I was asked this question today and, after thinking about it a while, I think banks are moving towards being lifestyle choices rather than payments processors.  Historically, we chose a bank because it was physically local to our home.  It didn’t matter what they charged or how they priced, as all banks are the same. …

I recently recorded a video for Meniga to show at their conference in London for Next Bank Europe.  We had to do this as I was in New York on the day of the conference, and the organisers wanted me to present so badly they agreed to come to my house to do record my…

I’ve developed a whole new presentation on the ValueWeb, which I’ll share at some point soon, and tried it out today for the first time.  It was interesting to gauge the audience reaction, which was overwhelmingly positive.  We then had a panel discussion at the end of the session, and one of the panellists summarised…

So yesterday, I identified the three biggest challenges to banking today based upon a major dialogue on social media with the Next Bank Facebook community.  Those three barriers are regulations, legacy and culture. The three barriers are intertwined in a vicious circle.  Regulations stop banks from innovating; legacy systems stop banks from innovating; a risk…

I’m often asked what I mean by a digital core and how to convince management to buy into it. What I mean by a digital core is that the bank has made itself cleansed and ready to join the new generation of fintech.  It has renewed and refreshed its core systems by replacing them.  They…

After blogging yesterday with my regular beat to get rid of old legacy systems, I then had another thought.  Don’t get rid of them.  That is a possibility.  Maybe you don’t need to replace the core.  Maybe you just need to create a new platform that is digital and gradually migrate customers across. In other…

After blogging yesterday with my regular beat to get rid of old legacy systems, I then had another thought.  Don’t get rid of them.  That is a possibility.  Maybe you don’t need to replace the core.  Maybe you just need to create a new platform that is digital and gradually migrate customers across. In other…