I was asked to write about innovation in payments last week, and so here’s the first of three parts. The first part will focus upon retail payments innovation; the second, corporate payments; and the third, trade settlement. A weekly non-exhaustive update so to speak. First, what is innovation? Let’s define it again (yes, I’ve blogged…
The final keynote here in Hong Kong was from Guy Kawasaki, founding partner of garage technology ventures, co-founder alltop.com, original visionary partner of Steve Jobs at Apple and all round good Guy. Here’s a summary of his speech: When I was first at Apple, we had two divisions – Apple II and the new, yet…
So, the innotribe session has just come to a close. I'll post more about the ideas proposed for SWIFT to invest in later, but here's our team's idea. First, what is innotribe? It's a stream at SIBOS focused upon finding innovations in finance for the future comprising SWIFT and banks, corporates and anyone else who's…
So, the innotribe session has just come to a close. I'll post more about the ideas proposed for SWIFT to invest in later, but here's our team's idea. First, what is innotribe? It's a stream at SIBOS focused upon finding innovations in finance for the future comprising SWIFT and banks, corporates and anyone else who's…
This is the last of a series of blogs about social finance that has covered new entrants to banking, their barriers to entry, how they might disrupt banks, social technologies and more. If you missed the earlier entries, here they are: Why banks struggle to innovate The relevance of social media to banks Why banks…
This is the last of a series of blogs about social finance that has covered new entrants to banking, their barriers to entry, how they might disrupt banks, social technologies and more. If you missed the earlier entries, here they are: Why banks struggle to innovate The relevance of social media to banks Why banks…
It’s been nice having a break, and feeling like the banking system isn’t the only thing I care aobut in this world. Nevertheless, the eye wasn’t completely off the ball as several grumblings and mumblings have been taking place during the last two weeks. The obvious and biggest story being the need to sort out…
The word ‘disruptive’ is being bandied about liberally in the debate about new competitors, such as Zopa. First, as I’ve said before, banks don’t really have any competition except between the incumbents, due to the structure of the industry. Second, where there are openings, then disruptive new players may find a way to find a…
The word ‘disruptive’ is being bandied about liberally in the debate about new competitors, such as Zopa. First, as I’ve said before, banks don’t really have any competition except between the incumbents, due to the structure of the industry. Second, where there are openings, then disruptive new players may find a way to find a…
In the fourth of a series about innovation in banking, it’s worth looking at the business models of the new entrants who are trying to disrupt this space and pose the question: are they sustainable? Zopa, Prosper, SmartyPig, Wonga, Mint, Wesabe and the many other new entrants into finance hoping to leverage the promise of…
