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Dec 24, 2014

Happy Holidays!

Well, it's the holiday season and hoop-di-hoop and dickery dock … no forget all that. Enjoy your time with families and friends and, from a blustery London City, I wish you all well for the season and a peaceful 2015. Oh, and in case I forget, watch out for the vampires that may be looking…

Dec 23, 2014

Reflections on 2014 (did the outlook posted in January come true?)

At the start of the year, I posted a range of views for the outlook for 2014 and, on reflection, things didn’t quite turn out as we thought. Here are a few comments on the start of year outlook, with the summary view outlook for the year in italics to open each section. Economy Generally, the…

Dec 23, 2014

Reflections on 2014 (did the outlook posted in January come true?)

Dec 18, 2014

Banks with pre-internet age core systems have a heart that is no longer beating

I realised something about this new market of fintech the other day, where banks become financial systems integrators. That realisation was that banks really should think about what they are doing, developing so much core capabilities internally. Right now, coders are the new rock stars and banks develop pretty much everything themselves. I can think…

Dec 18, 2014

Banks with pre-internet age core systems have a heart that is no longer beating

Dec 17, 2014

Moore’s Law for Banking Services (and any other)

There’s the famous old law of computing observed by Gordon Moore fifty years ago that compute power will double every two years whilst the cost will halve. It’s stayed pretty much true, as evidenced by this chart: But I have a new one. Mine applies to banking, although it could equally apply to any service-based business,…

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Dec 17, 2014

Moore’s Law for Banking Services (and any other)

Dec 10, 2014

This new market called FinTech

I blogged a short while ago about Coders being the new Rock Stars of Banking, and how JPMorgan and other banks were actively head hunting leaders in Google, Yahoo and other Silicon Valley leaders. So I was interested to see the headline yesterday, that Snapchat has hired Imran Khan, the former head of Internet banking at…

Dec 8, 2014

Why Apple Pay will win (Part 2)

On Friday, I said that Apple Pay would be the mobile wallet of choice and here’s why, but it was a half-finished blog as it really just outlined the ecosystem and endorsements Apple Pay was receiving, rather than the vision of where it is or could be going. That’s why a few people tweeted to…

Nov 20, 2014

The biggest disruption in banking is NOT technology

Researching crowdfunding and P2P lending, I found three research reports and a newspaper article that give you a tip for the future of banking. The three reports go together and are all about millennials. Yes, that group of under 35s who grew up as net natives or, if you prefer, the folks born after 1980. The…