Future

For the second time in the last decade, I have been invited as a Contributing Subject Matter Expert to join in research by the World Economic Forum about how technology is changing banking. These are heavyweight projects involving years of research and hundreds of people.  Therefore, I take the content seriously. Here is the latest…

It was interesting to see the release of a discussion paper by the EBA (European Banking Authority) last Friday. As a regulatory body, they have decided that they need to take action on FinTech, and are asking for input on what action to take. The EBA is taking forward work in relation to FinTech and…

I was trying to find someone who was optimistic about the future age after robots. Most are pessimists, and I’ve referred to them a few times now. They think the world is coming to an end and that mankind will have nothing to do when the robots do everything. Can the robots do everything? Certainly…

There are lots of reports of robots taking jobs from humans, and our fear for the future world of no work.  One paper from researchers at Oxford University predicts that 47% of American jobs are at “high risk” of computerisation over the next two decades.  Another research report issued in 2015 by McKinsey Global Institute found that…

The Turing test, developed by Alan Turing in 1950, is a test of a machine’s ability to exhibit intelligent behaviour equivalent to, or indistinguishable from, that of a human. Although there had been numerous claims that Eugene Goostman passed the Turing test, that simply is not true. Let us just say that he cheated the test in a lot of ways (further reading). …

I was struck by some commentary with John Cryan, the CEO of Deutsche Bank, over on Bloomberg. The article is talking about the wild ride he has had since taking over the helm of the bank which had formerly been run by two CEOs (Juergen Fitschen and Anshu Jain). He knew when he took over…

I was interviewed by UBS’s wealth management team a month ago, when the bitcoin bubble was in full bloom. The price had exploded, tripling in a month. Now that it has burst, the interview seems quite prescient so, here it is … UBS interview with Chris Skinner Cryptocurrencies – digital currencies based on encryption –…

I was reflecting on a question posed to me recently by a Turkish banker.  He asked me: “why is it that the Western banks are always talking about legacy?”  I knew exactly what he was getting at, as the banks I deal with in USA, UK, France, Germany and other European nations are always fretting…

I’m spending the week in China with Alibaba and ANT Financial. More details to follow, as this is all building towards a case study chapter in my new book Digital Human, and sat amongst 2,000 fans listening to Jack Ma yesterday and his vision of the future. Jack spoke in Chinese and I was listening…

I got to thinking about yesterday’s post on humanity in part due to a discussion of global banking.  Global, universal banking was the mantra of the 2000s and HSBC, Citi, Bank of America, BNP Paribas, Deutsche and more were all jumping on the bandwagon.  After the global financial crisis, they all jumped off it again,…