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…
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…
For a long time, we have considered that there will be massive change in banking; that new entrants like Google, Amazon and Facebook will eat the banker’s lunch; and that banks are weak and easy to attack. This is completely wrong thinking however. Banks are not weak and easy to attack. They are, instead, protected…
I had a really interesting discussion with a bank about the component based model that I’ve been expounding for some years. In brief, the core of this model suggests that every piece of banking is being attacked by specialist digital firms and that banks will become assemblers of these specialist pieces, rather than providers of…
