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Opinion

Core systems should have built-in obsolescence

Talking about moving from proprietary to open, from controlled to marketplace and from internal to external focus, another key change is the very nature of technology itself.  It’s quite clear that a start-up today could launch with just a few thousand dollars, Amazon Web Services and a bright idea.  There …

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Next generation insurance and the future of humanity

Building on yesterday’s InsurTech theme, I remember being taught the principles of insurance some years ago.  A key difference between insurance and any other business is that it is seller beware rather than buyer beware.  This is why the industry is built with a principle called uberrima fides rather than …

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Are you a bitcoin denialist?

Many of the people I meet believe that bitcoin is bad and will fail.  It’s rare to meet anyone who says that it could change the world and will succeed.  But I’ve found one and he happens to have written a very good blog about it: Akin Fernandez, Entrepreneur Developer of …

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Banks are not dying

I was having a nice relaxing Sunday, when alerted to a tweetfest taking place between industry heavyweights Simon Taylor (an ex-banker) and Mariano Belinky (a banker).  It all started with: Fintech didn’t disrupt banks but banks are slowly dying. Creating an ever growing opportunity for #fintech — Simon Taylor (@sytaylor) …

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Do banks need a CIO?

I was talking with a technology firm the other day.  They offer everything from cloud to core systems.  Their issue is that the competition wins every time.  Not IBM.  Not Accenture.  Not TCS.  Not FIS.  Not SAP.  Not any of the big names you could mention in such areas.  No, …

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How the system crushes the poor

Building on yesterday’s discussion of the digital divide turning into a human divide*, I find it intriguing how we talk incessantly about financial inclusion and how technology will bank the unbanked.  It is our dream.  But is it just a dream? The reason for thinking this is that poverty and …

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Living on Mars or an Inferno?

I love the predictions of scientists, but they’re often wrong.  The internet has a litany of stupid predictions from IBM’s President saying that there’s a worldwide market for about five computers to The Atlantic predicting that, by the year 2000, we would no longer be engaged in wars. The latest predictions …

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