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…
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,…
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,…
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…
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…
I’ve been spending more and more time thinking about this conundrum of the suits versus jeans brigade, or Bordeaux versus beer if you prefer. If you haven’t caught the drift, it’s all about fintech and how banks (suits) come to work together with tech (jeans). It’s something I’m seeing more and more and my latest…
I’ve been spending more and more time thinking about this conundrum of the suits versus jeans brigade, or Bordeaux versus beer if you prefer. If you haven’t caught the drift, it’s all about fintech and how banks (suits) come to work together with tech (jeans). It’s something I’m seeing more and more and my latest…
We talk a lot about challenger banks. These are the new banks that will create competition against the incumbents. The names thrown around include Metro Bank, Virgin Money, Tesco Bank, Aldemore, Shawnbrook and more. Although none of these have gained significant market share yet, the hope is they will against the Big Four: Barclays, HSBC,…
This question struck me after reading a variety of articles recently. The first showed that the top 1% own over half of the world's wealth. The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published in October, which warned growing inequality could be…
