Deloitte just released a report of how an investment bank will look in 2030. Here is a quick summary: Deloitte’s vision of the “Bank of 2030” argues that investment banking is moving away from the traditional model where one giant institution does everything internally. Instead, the future bank becomes a far more connected, data-driven and…
For the last twenty years, I have had many arguments with crypto advocates about Liberterian versus State governance. Now, the crypto guys are the government. During those years, people worried that politics would be captured by Wall Street, Big Oil or Big Tech, but the emerging power bloc is crypto money and artificial intelligence. These…
The European Central Bank just published a speech by Isabel Schnabel, Member of the Executive Board of the ECB and, underneath all the central banker language, is a pretty simple message: stablecoins are starting to look less like a crypto experiment and more like a new form of private money. More importantly, because stablecoins are…
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…
Now that Intelligent Bank has finally launched during my trip to China with Hauwei, here is more about what it means, as written by an AI friend … Intelligent Bank: The Third Financial Technology Revolution argues that banking is entering a third major era of technological change. The first revolution was automation, driven by mainframes, SWIFT, Visa…
I spent last week in China with Huawei. It was fantastic and, finally, it gave me the chance to announce and release my new book Intelligent Bank. Regular blog readers will know that I’ve been talking about this as the third fintech revolution but I could not officially tell everyone that it was released until today! Here is…
What is a Sputnik moment? A Sputnik moment is the moment the world suddenly wakes up and realises someone else may have leapt ahead technologically. The phrase comes from 1957, when the Soviet Union launched Sputnik, the world’s first satellite, into space. Technically, it was just a metal sphere orbiting the Earth. Politically and psychologically,…
I spent the morning thinking about the bank of the future. It’s something I do every day. You could be simple and say that it’s embedded, invisible, everywhere, all the time. And that is true. But that is today’s bank, not tomorrows. I then have this debate about currencies. What currency do we believe in?…
BEAR IN MIND I AM NOT A FINANCIAL ADVISOR For the past three decades, investors have lived through an extraordinary illusion: the belief that globalisation makes the world safer. It doesn’t. It just made conflict more expensive. I always remember when the Iraq war began in the 1990s and my colleagues in the government defence…
