On this episode of the BAI Banking Strategies podcast, we're joined by Chris Skinner, international FinTech expert and author. Chris talks about the latest revolutions from the Internet of Things (IoT), with particular focus on how these technologies are shaking up the banking world.
Assume for a moment that most of the services legacy financial companies provide today could get competed away as innovators extend reach and scale across the landscape of financial products.
Ronald Reagan once succinctly summarized the US government’s view on regulation the following way: “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it”. Taking the UK as an example, financial technology is worth c.GBP7billion and employs around 60,000 people - safe to say, the sector is on a roll.
The future of banking is algorithmic. Bringing together big data and predictive analytics is already enabling financial service providers to make better real-time decisions on loans and other products, with a more flexible, customer-centric user experience.
Grab one of the last seats and learn more about the future payments technologies, get an insight into the main trends in digitization, potential of Artificial Intelligence. Meet top-level decision makers from Raiffeisen Bank, UniCredit, Bank of England and other prestigious institutions. SPECIAL DISCOUNT CODE: fintechweekly2017.
Join us this summer for the next annual CXFS conference, an event specifically created for the financial services sector that pay special attention to balancing cx and compliance and connecting cx to business outcomes. Exclusive discount code: CXFS17FINTECH
What does the future hold for financial and robo advisers?
Imagine wearing a device like the Google Glass (now defunct), loaded with software that could recognize each and every object as you pass along the street or inside your home or office. Add humans to the list of objects and things get interesting. Add payments to it and things get a bit wobbly and your head dizzy.
I’ve regularly got into confrontations with digital currency people, especially those who are believers in bitcoin, by saying things they don’t like to hear. First it was my comment that you can’t have money without government. They believe the currency is beyond control because it exists on a global network.
Predictably, robo advisors have begun a race to zero, as lower fees are the only differentiator readily understood by the majority of clients. The winners of this race will be the ‘Big Four’ major fund companies...
New businesses, especially in an emerging industry such as fintech, require careful planning and thought.
It is not hyperbole to say that the second Markets in Financial Instruments Directive (a.k.a. “MiFID II”) will have a profound impact on the operations of financial institutions that distribute and trade financial instruments in the EU.
“Software will eat the world.” Marc Andreessen said this famously in a Wall Street Journal article. Of course, he is right. Software changed almost every aspect of industry and business forever.
By now, we’ve all heard the hype around AI. According to Google Trends, only 5 percent of the U.S. population searched for information about artificial intelligence in 2012. In 2017, that figure has jumped to an estimated 60 percent.
You hear a lot of different terms bandied about these days when it comes to new data processing techniques. One person says they’re using machine learning, while another calls it artificial intelligence.