Panel discussion on the technologies that are disrupting the financial services sector Hakim Mendjeli – Managing Director at 4by90 Tim Lott – Strategy Director at Foolproof (moderator) Michael Berns – Founder and CEO at Gabriele Musela – Founder and CEO at Paylinto
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The method of announcing a delay on Age verification (fully expected) in the UK is surprising. it appears as a side note reference in a statement on 5G plans. I havent’ found any normative official statement . The exact wording of the statement – buried in an announcement about 5G plans: “For the public and the industry to prepare for and comply with age verification, the Government will also ensure a period of up to three months after the BBFC guidance has been cleared by Parliament before the law comes into force. It is anticipated age verification will be enforceable by the end of the year.” I saw this first through a post shared by David Birch. I had to ask him whether or not he had shared the wrong article! He obviously didn’t. The news has know made its way…
Challenger banks landscape in 2015 Highlights Are the big 5 becoming too big to compete? Why choose a challenger in 2015 These pictures are an extract of the KPMG challenger banking reports published in May 2015:. Few questions to ponder in 2016: Will better technology infrastructures enable 2016 challenger banks to provide customers with compelling new propositions that will give them a truly differentiating proposition? What will be the impact on existing challengers banks of the launch of the new wave of tech powered challenger banks What will be the C/I ratio of the tech powered challengers? 50%? 40%? 30? Can it give them a compelling competitive advantage against other banks?
Forget about Fintechs and Innovation, they aren’t the point – Part 1: It’s all about competition This is the first instalment of a few articles to share my perspective on innovation, retail banking, Fintechs and competition. If you see some value in my perspective please do let me know. As they say on youtube “like it, share it, comment on it!” In this first piece I would like to challenge the usual narrative around Fintech discussions. I would like more focus on the end goal and whether it’s achieved (i.e. winning the competition war) rather than the means (Innovation, Fintech, etc). That will set the scene for my second piece around how we should evaluate emerging banking propositions. It’s a question of competition That’s a fairly simple point, but I think one that is far too often forgotten. All the discussions around…
What disruptive banking might really look like… So far, not much disruption… There is much talk about disruption and challenger banks. But there is currently little evidence of anything disruptive in the pipeline. Obviously, most haven’t even got their banking licenses yet and haven’t launched, hence it is hard to provide a final opinion on the matter. And by its very nature disruption tends to take industries by surprise. But judging challenger banks by what they promise to offer and solely on publicly available information, none bar one, promises anything that qualifies as being disruptive proposition-wise. None seem to plan to offer anything truly different from what existing banks provide. For most, based on their current PR, positioning and promises, they sound very similar to what established banks are doing or are in the process of doing. Why does being disruptive matter for challenger banks?…