I just picked up a long and fascinating article on TechCrunch this week. Unfortunately it’s behind a paywall, but they interview seven leading VC investors in FinTech and asked a whole variety of questions: Many people are calling this a downturn. How has your investment thesis changed over the last year? Are you still closing…
For as long as I can remember, we have had a debate around whether, to be a retailer, you need stores? As a retail bank, do you need branches? The predictions from the early 2000’s have been that branches and stores will close. It’s certainly true that many have. I’ve blogged about this often and probably…
The fintech bloodbath continues as three really interesting articles came across my desk last week (we discussed them on Fintech Uncut in case you missed it). The first, from Reuters, talked about the valuation of Stripe, my favourite FinTech. Why are they my favourite? Because they expanded massively from a new entrant in 2011 to…
Predictions about banking in the future After I posted my banks disappear post, Glenn Stanford replied to me on LinkedIn with a link to this: A history of the future of banking: predictions and outcomes by Maria Gloria Cobas and Larry R. Mote, Office of the Comptroller of the Currency and James A. Wilcox, Haas School of…
This week’s main blog discussions include … Most banks will disappear (Part One) Five years ago, Gartner published a report stating that 80 percent of financial institutions would disappear by 2030. Most banks will be made irrelevant by 2030 – Gartner Within 12 years’ time, 80% of financial firms will either go out of business…
This week’s FinTech Uncut! covered a lot of ground and you can watch it here and now! This week’s episode was a bit Bugs Bunny, with highlights talking about Klarna posting its biggest loss to date, Western Union announcing a twist to BNPL and Visa eyeing up FIS. Meanwhile, Quizmaster Rik continues his singing streak. What in…
Yesterday, I stated that most banks will not disappear. Today, I’m in the other side of the ring and saying that most banks will disappear. They won’t disappear as banks. They will just disappear as something we think about. Banking will become invisible. The industry likes to talk about embedded banking, a term that is…
Five years ago, Gartner published a report stating that 80 percent of financial institutions would disappear by 2030. Most banks will be made irrelevant by 2030 – Gartner Within 12 years’ time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in…
I love it when there’s a case study about animal behaviours. Bearing in mind that apes are our closest relations, when scientists try experiments to see how they behave towards money, it is fascinating. This is something I’ve blogged about many times before, with a favourite example being the Capuchin monkeys who discovered that they…
