Asking the Asian audience here about their views on innovation proved interesting. For example, defining innovation as complete renewal and transformation, rather than incremental improvement, led me to the assertion that to be innovative you must have the mandate of the business owner, CEO ore equivalent. So, we posed that question to the audience and…
After my note the other day about the thoughts of folks in transaction banking, followed by the results of the US banks that shows a big slowdown in equities, fixed income and commodity trading, it struck me that like a double-dip recession we are now in a ping-pong interregnum. What do I mean? During a…
I happen to be at an Oracle banking bash in Asia this week where Mark Hurd, President of Oracle Corporation, delivered the keynote. A few highlights from his presentation include a comment that worldwide GDP is running at around $53 trillion and that $1.3 trillion of that is spent on technology. Of this, $1.3 trillion,…
I’ve talked a few times about Wonga and Pay Day Loan firms: Wonga: another web disruption for loans, February 2009 Need money fast? May 2010 An explosion of payday loan firms, February 2011 Poor are #1 prey for financial predators, June 2011 The last point picks up on the continual debate about such firms and their…
Speaking of corporates being from Venus and banks from Mars, one of the biggest dilemmas a bank seems to undergo is where to put and how to define small to medium enterprises (SMEs). I’ve seen several banks alternate between treating SMEs as part of their retail business and then ping-ponging them into the commercial banking…
Speaking of corporates being from Venus and banks from Mars, one of the biggest dilemmas a bank seems to undergo is where to put and how to define small to medium enterprises (SMEs). I’ve seen several banks alternate between treating SMEs as part of their retail business and then ping-ponging them into the commercial banking…
I still remember fondly the BAI Show of 2008 where there were several key highlihgts. One of the biggest was the one-to-one interview with Arkadi Kuhlmann, Chairman, President and Chief Executive Officer of ING Direct USA. At the time, Arkadi had just produced his book: “The Orange Code: How ING Direct Succeeded by Being a…
I still remember fondly the BAI Show of 2008 where there were several key highlihgts. One of the biggest was the one-to-one interview with Arkadi Kuhlmann, Chairman, President and Chief Executive Officer of ING Direct USA. At the time, Arkadi had just produced his book: “The Orange Code: How ING Direct Succeeded by Being a…
On Wednesday 22nd June, we are running a private dinner meeting of the Financial Services Club in London to launch the results of our recent survey: "Are payments infrastructures fit for purpose?" which was completed by 350 payments professionals worldwide. As a taste of what came out of this, respondents were asked to take a view…
