Blockchain is not the magic bullet banking needs. There, I said it. We can stop pretending it is now. In fact, Blockchain doesn’t matter. Neither does Hadoop, Watson, AI or robot advisory or any other of the buzz words depicting technology that investors swoon over these days. They all have […]
Challenger Banks
6 posts
Dear Challenger Bank, Me again. Clench away. I know you didn’t like this last one I wrote for you. I also know that while you’ve tried to ignore it because let’s face it, “FCA meetings”, some of those principles of how important the technology is, did hit home and while your […]
"Invisible Banking" is what we all deserve and would be ecstatic to have. It's the concept of banking happening in the background, empowering your Money Moments (TM) and ensuring your life is flowing smoothly. Incumbents failed but Challenger Banks may end up giving us this FinTech Holy Grail but does John really want it?
"We all understand that being a brand pays yet how many of the banks in Europe even think in terms of being a brand? I can only see three. Yes you read that right - THREE. "
Our industry is starting to suffer greatly from the incessant noise, the -some times purpose-built- confusion in terms and the lack of definitions so it's important we have it crystal clear what we DO we mean when we say FinTech because it oughtn't be muddy.
Dear Challenger, Pull up a chair and let me get you a cuppa, this could take a while. Let me start by saying I'm here to kill some of your dreams. I'd apologise in advance but it's necessary cruelty, you can hate me all you like but we both know this is not about me and not about you but your consumer.