In most presentations, I use this quote from Charles Darwin: It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Although he…
I spend a lot of time thinking about the way the network is impacting finance. The network is the network of citizens, enabled by mobile smartphones, the internet and cloud computing. The result is that everything can be developed and delivered on a peer-to-peer decentralised basis. The knock-on effect is that governments and centralised institutions…
A new Pew Research report documents that, in 2021, 68% of 25-year-olds were living outside their parents’ home, 22% were married and 17% had a child, according to a Pew Research Centre analysis of the most recently available Census Bureau data. In 1980, 84% were living on their own, 63% were married and 39% had a child, the report said….
This week’s main blog discussions include … How AI will impact your business Some people may think McKinsey are a dark force, but their research is pretty good. In the latest white paper, they summarise what is happening with AI and GPT (Generative Pre-trained Transformer) and, with all the buzz around ChatGPT and BankGPT, the…
Holidays are all about taking a break and it seems Goldman Sachs is thinking about taking a break from their relationship with Apple. Will this be the end of their foray into consumer finance after losing more than $3 BILLION since 2020 on their experiment? SOME of the cast of the show managed to meet…
2023 is proving to be a punishing year for banks, finance, technology and fintech. Firms have seen massive downgrades of their market cap, and we have seen the demise of major companies ranging from Silicon Valley Bank, First Republic and Credit Suisse. Some say that this is a crisis. However, it seems more like a…
Some people may think McKinsey are a dark force, but their research is pretty good. In the latest white paper, they summarise what is happening with AI and GPT (Generative Pre-trained Transformer) and, with all the buzz around ChatGPT and BankGPT, the paper is worth sharing here. These are the key take-aways: Generative AI’s impact…
I’ve realised that my thoughts these days seem to focus mainly on artificial intelligence (AI), cryptocurrencies, the metaverse and space travel. That’s not surprising as that’s where Elon Musk, Jeff Bezos and Mark Zuckerberg are focused. These are the future technologies and capabilities that are inspiring our next generation. The question is: what if we…
We treat our world very simplistically, and yet we have made our world incredibly complex. When you think we can land a spacecraft on a meteor hurtling through space, it’s amazing what we have achieved. What makes this interesting is the way in which humans have created incredible infrastructures, supply chains and logistics on Earth…
Those who read my blog often know that I see FinTech as the partnership between old bankers and young technology visionaries or, in context, a parent-child relationship. The parent wants stability and to maintain the status quo; the child wants to break down barriers and change the world. That’s a tough alignment, especially if you…
