Tom Blomfield on what purpose-driven banking means
I’m working on a new book project. You might have spotted the themes in my recent blog entries but, if not, it’s all about purpose. The tagline is: if you don’t stand for something, you fall down, and is focused upon stakeholder capitalism. ESG, CSR and all that stuff and more. So, I’ve been watching for leaders who talk about…
Tomorrow is another day
I guess I’m not the only one who is sitting at home, watching the world go by and thinking: life is pretty weird right now. Watching virtual concerts and binge watching Netflix series is fine, but you see a nation in meltdown, storming their capital city’s buildings, everyone running scared of a virus and virtual…
Breaking the stranglehold of banking
Someone asked me to elaborate on the links between banks, government, the economy and society, and this was well illustrated by the video I shared the other day of James Pierpont Morgan, who founded the JPMorgan empire (see end of this blog entry). That all began with learning the banking ropes in Europe; then enabling…
Digital is not the same
I’m a Simple guy (?), but realised the other day that the consultants, research firms and technology behemoths do a great job of dressing up old ideas in new clothes. This hit home when I was reading the IT priorities for CFOs in 2021 by Gartner. Gartner’s survey asked finance chiefs where they will spend…
Omniaccess is the strategic imperative for the 2020s
During the summer and autumn of 2020, I ran an online survey of banks and FinTech firms around their view of physical versus digital access to banking. Obviously, in 2020, digital access to accounts has come to the fore but what was interesting is that this had not been a priority before. 28% of the…
Four free reports on the post-pandemic world for banks
I stumbled across a bunch of interesting reports this week, so thought it worth sharing them First, from Deloitte. Admittedly, it’s from October 2020, but it is useful as it tracks the state of digital banking post-COVID19. There are also some interesting charts, so let’s begin with the key takeaways. And then they tracked the…
Jamie Dimon is scared sh*tless of FinTech
It’s a big moment when one of the most respected bankers in the world Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase which is one of the most highly valued banks in the world, says that he is “scared shitless” of FinTech. This is a $3.4 trillion banking goliath but, when asked his views…
An interview with the Elephant
I was really surprised how popular the Elephant became last year. In fact, he seems to have a fan following, so much so that one of my friends who runs media in Europe, Rik Coeckelbergs (The Banking Scene), asked if he could interview the elephant. Here’s what happened … Predictions for 2021: Interview with Chris Skinner,…