thefinanser

Will QR Codes Wipe Out Cash and Cards?

There’s been an interesting but hidden trend taking place. It started in China with Tencent and Alipay and has now gone global. The phenomenon is called QR codes.

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Changing the Bank Means Changing the Customer

I was having a debate about innovation with a friend. They said that most of what banks were calling innovation is actually business optimisation or, as I call it, incremental improvements. Incremental improvements are doing existing processes cheaper and faster, more effectively and more efficiently, with change.

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How AI Will Change Banking

The World Economic Forum has been conducting research over the last year around how AI (Artificial Intelligence) will change banking that was published last week. Here’s the lowdown: Artificial intelligence is fundamentally changing the physics of financial services.

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Big Banks Are Not Feeling the FinTech Heat (Yet)

A few years ago, Jamie Dimon was renowned for saying that bitcoin developers are going to try and eat our lunch and that silicon valley was coming to get the banks. Three years later, it’s not quite the case. The big banks are getting bigger, and the FinTech community is nibbling at the ankles and […]

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The Chasm Between Banks With Digital Leadership and Those Without

During Money2020Europe, Tink, the Swedish challenger bank, interviewed me on my opinions about all things finance and technology.

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Want a Slice of an ICO? Watch Out!

I find it quite surprising to see statistics around ICOs, such as the fact that 13.7 billion has been raised by ICOs so far this year alone. 13.7 billion In what? Well, the 10 biggest ICOs this year are: Telegram: 1.7 billion Dragon: 320 million Huobi: 300 million Bankera: 150.

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The Battles for the Future of Fintech

The future of financial services will be decided in the back office and between major companies of the East and West. Digital technology has already ripped up and taped back together many industries but, until recently, the payments industry and financial markets dodged the major blows.

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The Difference Between FinTech and TechFin

There’s lots of friction around these days. Banks that get digital and banks that don’t; fintechs that want to change everything and fintechs that don’t; digital currencies to replace fiat currencies and fiat currencies that are going digital; destruction, disruption and disappointment; and more.

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The Amazonisation of Banking

The Amazonisation of Banking is very different from Amazon being a bank A while back, the Wall Street Journal ran a story about Amazon being in talks with major banks, including JP Morgan, about building what the Journal referred to as a checking-account-like product.

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Why Banks Fear Core Systems Change

I was listening to a group of CIOs talking about legacy systems change the other day. One said that it doesnt matter how old the systems are; its all about whether they are maintainable and fit-for purpose.

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Bank Reincarnation: The Best Way to Become a Digital Bank

There was an interesting discussion at Money2020 about Business Reincarnation. Its a rather dramatic term, especially if you dont believe in reincarnation, but it does help visualise the idea. Like a Phoenix from the ashes, a bank needs to die and reincarnate itself to survive this digital revolution. This theme came up several times.

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Are You Changing the Bank or Just Sucking-up to the CEO?

Another day talking culture, leadership and change for digital, and a fascinating review of the five things banks mess up when considering partnering. This presentation was from the Chief Digital Officer (CDO) of a major European bank.

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