I was reflecting on the demonstrations of Deep Mind against Go Champion Lee Se-Dol along with Watson at CeBIT and other artificial intelligence (AI) developments. It soon becomes apparent that we are evolving rapidly to a state where data learning through data analytics will be the battleground. In fact, it is clear that the battle…
BBVA have made another bold move this week, acquiring Holvi. This follows hard on the heels of other significant moves, such as investing $60 million in digital first UK start-up bank Atom and the acquisition of Simple a couple of years ago. From that acquisition, they now have re-hired Simple co-founder Shamir Karkal to build their…
So as I travel around these global conferences, startup challenges and Fintech daze, I often get asked: what does it take to be a Fintech centre? This is because everyone wants to be one now that they’ve seen the buzz around the market. London has vied to be that centre for some time, with Boris and…
Talking of start-ups, I’m often asked: how do you spot a successful start-up? Not sure why they ask me, as I haven’t started a start-up, but I guess it’s because I’m seeing 100s of start-ups out there. For example, there were 800 contenders on the shortlist for the Fintech50 this year, and that’s just the…
I seem to find myself travelling all over talking about innovation and meeting start-ups. It’s the start-up economy, and there’s probably been no better time to be young, hopeful and visionary. Thinking back to my younger days, leaving university, the idea of creating my own company was unheard of. Everyone was encouraged to get a…
I had a realisation this week. The realisation is that banks have always been hot on technology and innovation. If you don’t think so, then just checkout this blog from April 2008 – eight years ago – where I talk about the rise of innovation in banking. The context was talking about how banks had created a…
We had two Financial Services Club meetings on the same night this week: one in London where Chief Executive of the Payments Council Maurice Cleaves talked about the landscape future for UK payments markets; and one in Warsaw where Lukas Dzuroska presented the top ten trends tracked in research by EFMA over the past year. …
Another key development of 2015 has been the open sourcing of bank services. I’ve talked for a while now about Banking-as-a-Service (BaaS) – first blog entry almost seven years ago – and this forecast that anyone in the near future would be able to build their own bank through apps, APIs and analytics. The core of…
I saw a fascinating presentation by Porter Erisman, author of Alibaba’s World, last week. Porter was involved in the early days of Alibaba, having lived in China since 1994. As an American in China it must have been a fascinating experience, and Porter talked about how Alibaba was formed and how it differs to Amazon…
There’s been a lot of debate about millennials and their likes and dislikes. I myself cite regular surveys that millennials would rather go to the dentist than visit their bank, and that surveys of millennials find no bank brands are desired. In some ways this gives a false impression, as we have to think that…
