I was reflecting on something this morning that is endemic to both banks and technology providers. How do you provide great service to global clients? The issue is that most companies are split into three structures: product, process and customer. Product is the back office manufacturer; process is the middle office focused upon operational excellence;…
I said yesterday that bitcoin would be superseded by a corporate-backed digital currency, but not all would agree. Therefore in the spirit of fairness, a great article appeared on Coindesk last week by Tuur Demeester and I decided to finish this week’s predictions series on his views of what will happen with bitcoin this year….
Late last year SourceMedia released findings of a survey of US CIO’s that found the major focus for spending in IT in banks in 2016 would be on security systems. The only area of decreasing spend was on desktops. Interestingly most US bank CIOs will be spending more on branch technologies this year. In a…
Accenture have produced a nice infographic and more, detailing the top 10 challenges for investment banks in 2016. Due to my limited wifi connectivity, I’ll just give you the headlines here but, if you have time, it’s well worth copying and pasting this link to learn more https://www.accenture.com/us-en/insight-top-ten-challenges-investment-banks-2016.aspx So here’s the top 10, and there’s…
That’s not 2,016 banking predictions, which could be good, but banking predictions for the year 2016. Happy New Year. As is usual at the start of the year, I normally make a bunch of predictions about what will happen in retail, investment and transaction banking … but this year is not usual so I’m not…
Yes, 2015 was the year that the Fintech bubble exploded. It hasn’t burst yet, but it’s clear that Fintech is the word of 2015. Everyone is talking unicorns, start-ups, disruption, Fintech and yet this is nothing new. I often say that I’m only known in the Fintech world because I’ve worked in technology in finance…
The other big trend in 2015 has been the noticeable move of banks away from Big Data to Data Analytics. Some say it’s all about the Small Data, but it’s more about the Context of Data. Contextual Data is what PayPal brought into when they acquired Modest and it’s detail. This year, I’ve been surprised…
So we were having a conversation about rules-based versus principles-based regulation. The UK is an advocate of the latter, which some say caused the global financial crisis. I disagree. The global financial crisis was caused by not having a good view of the risk and connectivity between derivatives and their dependencies. The market and credit…
