7 Mind-Blowing Banking and Fintech Themes by McKinsey

Couple of weeks ago McKinsey wrote about the rise of nonbanking platform or fintech companies that are wanting to eat the banks lunch. In this post, i summarise the key points from the Mckinsey fintech report. 1. Banking is in a Flat and Uninspiring Performance Rut While the banking industry has on the whole recovered ...

What the Bank of England Thinks About Fintech

Over the weekend i was reading Andrew Hauser’s (Executive Director for Banking, Payments and Financial Resilience) speech in Cambridge regarding the Bank of England’s Fintech Accelerator program. Read the speech for full details, but here is a summary: Technology Has and Is Transforming Financial Services Andrew started off describing how technology has and continues to play ...

The Top Payments News Stories in October 2017

Payment news stories in October were dominated by the usual suspects, but in particular a number of fintech and blockchain related initiatives. This was in part driven by Ripple and SWIFT both of which held their flagship conferences, as did AFP and the Money20/20 all of which trigger numerous announcements and initiatives to ensure maximum ...

8 Things I Learnt from Satya Nadella at Sibos, Day 4

For those that don’t know, Satya Nadella is the Chief Executive Officer of Microsoft, and succeeded Steve Ballmer in 2014. Satya closed Sibos in Toronto last week and following are the 8 key themes that i picked up on from his chat with SWIFT CEO Gottfried Leibbrandt. 1. The Need for Innovation has Never been Greater ...

The Future, Money Or Data? – Sibos Day 3

Okay, i know this is late – but better late than never, eh? On day 3, one of the best panel discussions was around the Future of Money. Here are my notes from the big issue debate which asked which is more important data or money? Data, the Digital Oil In the introduction Carmel Crimmins, ...

Calm the Tech Down – Sibos Day 2

Sibos Day 2 was a hectic day, starting off with a breakfast with Sir Tim Berners Lee (the inventor of the World Wide Web), which was supposed to be followed by a session on APIs in Financial Services – but that was full. So i went to the Cap Gemini World Payments Report session (more ...

Sharks, Cockroaches and Dinosaurs – Sibos Day 1

The first presentation of Sibos 2017 was “What does the future hold for banks – Evolution or Extinction?” Interesting topic to start with, eh? The panel consisted of bankers, a central banker and a techie. It was a lively presentation covering a range of themes – following are my notes: 4 Key Drivers of Change: ...

The Big Payments News Stories in September 2017

Things seem to be hotting up after the summer, with plenty of  payments news stories. The key themes that jump out most are the various developments in the blockchain space and the digital transformation journey that most banks are talking about. Its getting interesting out there… Check out the following top payments news stories for ...

SCT Inst – Instant EUR Payments from 21-Nov-17 – Woohoo!

We’re less than 2 months away from instant EUR payments within the Single Euro Payments Area. While i was reading up on the SCT Inst scheme, i came across a couple of pretty cool and informative SCT Inst infographics that i thought i would share with you. First a quick rundown of SCT Inst: SCT ...

Sibos 2017 Toronto – Should I Stay Or Should I Go…?

It’s that time of the year where payment folks are thinking about Sibos – the annual SWIFT conference, which this year is in Toronto. If you check out the Sibos website – the recurring message is that “Sibos is the worlds premier financial services event“. It is running from 16-19th October, all the major banks, ...