I asked ChatGPT to write an article in my style. Here’s what it came up with: Introduction In the fast-paced world of finance, few have embraced the power of technology and innovation as passionately as the fintech industry. Over the past decade, fintech has revolutionized the way we think about banking, disrupting traditional financial institutions…
Financial companies rely on streams of data and complex IT infrastructures, and operate in a constantly evolving regulatory environment, making them prime candidates for AI data-driven innovation. However, risks associated will need to be managed. Here are ten ideas as to where these developments will make a difference: Hyper-personalized marketing and customer experiences:By leveraging alternative…
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…
