So there are some clear lessons we can learn as base foundation principles when reimagining banking for the 21st century: Everything is peer-to-peer networked It’s all in real-time globally Commerce is not just person-to-person but more machine-to-machine We are looking at the exchange of value between machines and individuals, not …
Read More »How peer-to-peer changes the financial world
Another factor of reimagining finance for the internet age is the very nature of person-to-person connectivity and peer-to-peer networking. These two factors are very different and also different in the nature of how people are connecting. In the developed world, we have the viral connectivity of the smartphone; in the …
Read More »The Finanser’s Week: 25th April – 1st May 2016
Our main stories of this week includes … Lessons banks can learn from YouTube (and others) I need a little time to think about my reimagined financial structure, but some of the basics are already in play such as the idea of thinking about value exchange rather than monetary exchange. Value exchange …
Read More »Using intuitive interfaces for contextual commerce
As we start to reimagine the bank, it is obvious that focus on the platform design and user experience is key, as demonstrated by YouTube. A second key factor is recognising that the world has changed thanks to the mobile network. We probably go yea, yea, yea when we talk …
Read More »Lessons banks can learn from YouTube (and others)
I need a little time to think about my reimagined financial structure, but some of the basics are already in play such as the idea of thinking about value exchange rather than monetary exchange. Value exchange is based upon the ability to reach the world with a thought. I do …
Read More »Whatever next generation banking is … it won’t be banking
After writing about whether we are creating faster horses when we think of applying open sourced technologies to banking, some more thoughts occurred to me: Are we applying Blockchain to clearing and settlement, rather than reimagining the whole trade cycle from liquidity structures to collateral management using open source platform …
Read More »The new FinTech Bank
I launched ValueWeb in Singapore yesterday and my friend Vladislav Solodkiy, Managing Partner at FinTech VC Fund Life.SREDA, hosted the evening. He was kind enough to share his speech with me, so I thought I’d copy it here and share with you. Enjoy! From BaaS and neobanks to FINTECH-BANK Fintech is currently …
Read More »As machines take over, what will happen to the people?
I’m often asked, as we move more and more to digital communications: what will happen to the people? What will happen to the people? As we move to robotics, automated agents, augmented and artificial intelligence, what will happen to the people. If we have no branches, no structures and no …
Read More »The Finanser’s Week: 18th April – 24th April 2016
Our main stories of this week includes … In the digital age, printed proof of identity is ludicrous I remember being involved in a business process re-engineering project for an insurance firm some years ago. We looked at how the underwriting process worked on complex insurance risks and discovered that in …
Read More »In the digital age, printed proof of identity is ludicrous
I remember being involved in a business process re-engineering project for an insurance firm some years ago. We looked at how the underwriting process worked on complex insurance risks and discovered that in the middle of the process, the documentation would move to the overseas desk. It would sit there …
Read More »Are banks really challenged by Fintech, or is this just more of the same?
I regularly attend conferences where several themes crop up around disruption – that word we hate – disintermediation, and the end of banking as we know it. The problem is I’ve heard it for 30 years and it hasn’t happened … yet. Will it? Let’s have a look. The first …
Read More »Open sourcing finance: you cannot delegate this project
Talking about transformation at conferences every day gets you into a mantra. My mantra is leadership and how banks lack technological leadership. The pushback is that you have too many technologists without banking knowledge. We need banks run by people who understand money, and they can tell the technologists what …
Read More »Are we in danger of creating faster horses?
I’m often talking about Victorian visions of the future to illustrate the issue we have today. The Victorian vision of the future was dealing with a number of problems, one of which was horse shit. Manure. Manure was a massive issue. Victorian Britain had too many horses and carriages on …
Read More »The $100m start-up blockchain fund
I know many of my twitter followers have seen this news already, but here’s the official announcement of the partnership we are creating with Life.SREDA in Singapore. SINGAPORE-BASED LIFE.SREDA LAUNCHES $100 MILLION BLOCKCHAIN INVESTMENT FUND LONDON, APRIL 18 2016 Life.SREDA, a venture capital fund based in Singapore, has partnered with …
Read More »The Finanser’s Week: 11th April – 17th April 2016
Our main stories of this week includes … Marketplace lending comes of age One of the interviewees in my new book ValueWeb is Ron Suber, President of Prosper Marketplace Lending. Ron gave a speech last week which is summarized below. Well worth a read. Markeplace Lending: Evolution of an Asset Class (The following …
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