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…
Like a few other speakers and writers I get around a little and, this week, I had the opportunity to keynote at Dreamforce in San Francisco. Now, many of you may not have heard of or experienced Dreamforce, so I’m quickly going to share the experience with you now. Why is Salesforce’s conference so good?…
Like a few other speakers and writers I get around a little and, this week, I had the opportunity to keynote at Dreamforce in San Francisco. Now, many of you may not have heard of or experienced Dreamforce, so I’m quickly going to share the experience with you now. Why is Salesforce’s conference so good?…
