Future

2023 has been the year of artificial intelligence (AI) thanks to the launch of OpenAI’s ChatGPT, acquisition by Microsoft, integration with Bing and mad scrabble by Google, Baidu and more to keep up. This will continue in 2024 and, if anything, become even more of a war between big tech firms and their delivery of…

I just had an interview with a journalist via email. It was quite interesting, and wanted to share it with you. The key point being made is that everything we have today – apps, online, cards and more – are going to disappear. Are they? Mobile payments, BNPL, open banking, artificial intelligence – these are…

At another recent conference McKinsey presented. Now it is easy to take a pop at McKinsey but they have produced some useful reports recently, specifically: McKinsey’s Global Banking Annual Review 2023 Fintechs: A new paradigm of growth So, I was interested in their presentation. One slide in particular stood out, titled: the four key drivers…

In a guest column six years ago James Vaccaro, then Director of Corporate Strategy at Triodos Bank, introduced the United Nations’ Principles of Responsible Banking to my community. Six years later, are they working? Apparently not. In a new guest column, James argues the industry efforts may be authentic, but they need better management to…

I’ve predicted the death of many things. The death of the keyboard, the death of the plastic card, the death of cash and cheques, the death of the branch, the death of main street and the death of the computer itself. Now, we have the death of the phone. As I look to the future,…

Everyone who knows me well, knows that I grew up with David Bowie as my real-life Hero. I saw him concert regularly, until he stopped touring in the 2000s, and loved the fact that not only did he produce unique music, but nearly every time it was performance and music. He was first to really…

I’ve been sitting and thinking. Not a bad thing, but a dangerous thing. I’ve been sitting and thinking about AI, Artificial Intelligence. How will AI change banking and finance? Specifically, how could we use AI to change banking and finance? When I think about this, I think about how banking has changed since the last…

Lots of discussions these days are about AI. AI this, AI that, AI movie, AI influencers, even AI pop. (the K-pop group Mave do not exist – they are generated by AI) Every day, these developments shock and intrigue me. But what does this mean for banking and finance? Well, I guess there are some…

We’ve had DeFi, CeFi, ReFi and more, but now it’s time for GeFi. If those phrases confuse you, we have Decentralised Finance versus Centralised Finance; we have Regenerative Finance, and now we have Generative Finance, or GeFi for short. What is GeFi? It’s the integration of artificial intelligence (AI) into finance. This all started with…

When I was a lad – a good start for any commentary – we didn’t know nothing about money. I got pocket money from my dad but, if I begged hard enough and long enough, my dad would relent and buy me that Batman Corgi car I had been lusting after. At school, they taught…