Shaping the future of finance
As mentioned I’ve just attended #Money2020Europe where 4,000 folks gathered to listen to great speakers like me. Unfortunately, I didn’t get long to stay at the show for various reasons, but did pick up a magazine about Copenhagen as a FinTech hub. Everywhere wants to be a FinTech hub, now that the scene is so…
This week is #Money2020Europe week in Copenhagen. Considering it’s the first time they’ve run Money2020 over here, it’s pretty impressive to have over 3,500 people attending. I’m chairing a couple of plenary sessions tomorrow with Commerzbank, Tandem Bank and Western Union, and have been tracking events so far. Lots of headlines, but the one really worth…
I don’t always want to just repost other documents, but there are 428 pages of reports that came onto my desk this week and I think they’re worth sharing. The first report is about Fintech trends (316 pages) and Money of the Future by Life.SREDA, INSEAD and Deloitte; the second is all about Digital Disruption:…
There are a number of hotbeds for innovation in finance – London, Singapore, Tel Aviv, Silicon Valley – may all spring to mind to begin with … but what about Berlin and Munich? Yes, Berlin is showing some interesting true colours with three standout start-ups: Fidor, NUMBER26 and solaris. Two are full banks with banking…
I’ve talked about open sourcing banking and finance by converting everything to components (APIs) that can be plug and played into any front-end user experience (UX) through apps and devices, supported by data analytics, cloud and blockchain to reduce and automate the back office. All of this can be summed up as MoIP: the conversion…
I was reflecting on the demonstrations of Deep Mind against Go Champion Lee Se-Dol along with Watson at CeBIT and other artificial intelligence (AI) developments. It soon becomes apparent that we are evolving rapidly to a state where data learning through data analytics will be the battleground. In fact, it is clear that the battle…
Just had a great discussion about data analytics and visualisation at the SWIFT Nordics Conference in Oslo. During the discussion we talked a lot about data for risk management and how real-time tracking of payments could help identify suspicious activities from fraud and malware attacks to the possibility of AML and sanctions breach. I couldn’t…
I am surprised how many new start-up banks there are in Britain. My list so far includes physical distribution players such as: Santander (a challenger?) that moved to the UK in 2004 with the acquisition of Abbey Banco Sabadell’s acquisition of Lloyds spin-off TSB the soon-to-launch RBS spin off William & Glyn Vernon Hill’s Metro…
BBVA have made another bold move this week, acquiring Holvi. This follows hard on the heels of other significant moves, such as investing $60 million in digital first UK start-up bank Atom and the acquisition of Simple a couple of years ago. From that acquisition, they now have re-hired Simple co-founder Shamir Karkal to build their…
