During a webinar focused on Digital Wealth Management for one of our clients, I thought that I would poke the audience by discussing a Future World in which we all create wealth by investing in our Digital Assets. I started by referring to MyCreditScore, as a Digital asset, only becauseRead More
Post Tagged with: "challenger banks"
Bank concentration is a problem in many markets, but it is particularly acute in the UK where the Big Four control 77% of the consumer market and 85% of the SME market. Despite many attempts by government and the private sector for many years, nothing has changed. This research noteRead More
A digital wallet could be a commodity with maybe some branding and fashion – similar to physical wallets today. In this scenario, we will have thousands of digital wallets. Or a digital wallet could become your mobile bank – the one thing you never leave home without – that completely changes our concepts of money…Read more The Digital Wallet User Experience will have to pass the toothbrush test.
This Landscape Report could also be called Bank APIs. I like the name Programmable Bank because it resonates with Programmable Web. It implies a Mashup approach to system development. This is fundamentally different to the huge, multi year core banking enterprise system development of the past. This is a bigRead More
When you read the words “fractional reserve banking” you are often in for “the system is evil and Bitcoin is the revolution”. I promise you that this is not one of those posts. I do believe that the business model of fractional reserve banking will be replaced by something else, but it willRead More
The beauty of the digit express is that I can go wherever I want (“beam me up Scotty”). Using airplanes I would have gone from India to China. Instead I went from India to Amsterdam to China. “Bits don’t stop at borders, but money has to show it’s passport”. Read More
This tweet by Marc Andreessen in February ignited a debate: @cdixon @JackGavigan @Kwdmiller @aweissman I am dying to fund a disruptive bank. Marc Andreessen (@pmarca) February 9, 2014 “Disruptive Bank” is a vague term and that maybe deliberate phrasing from Marc Andreesseen (he does not want to pre-empt the innovation out there that is working).Read More