Why Money is Disappearing: Bitcoin, Mobile Money, Payments and Commerce
It’s hard for many to conceive of a world without little bits of paper that we today denote as currency. In fact, money is so ingrained in society that we’ve come up with hundreds of slang terms around the world to describe the stuff. In the US you might hear the term “Benjamins”, “Dead Presidents” or “Greenbacks”. Can you guess which countries gave birth to “Bucks”, “Clams”, “Loon”, “Dough”, “Shtuka”, “Two Bob” and “Moola” when it comes to describing money?
- 15/07/2018
- 5
Bank Products Are Dead: Long Live Experiences
Since 2005 I’ve been predicting the fundamental decline of branch banking. For almost 10 years I fought bankers who decried my assessment that branches would cease to be the most important channel in banking, to be replaced by far more efficient mechanisms for revenue generation and relationship. Today the discussion is increasingly resorting to a sort of desperate plea — “but branches aren’t going to die completely, are they?” No one who is watching these trends today is still saying branches will grow.
- 13/07/2018
- 10
Why We Really Don’t want Artificial Intelligence to Learn from Us
Deep learning is a term we’re increasingly using to describe how we teach Artificial Intelligence (AI) to absorb new information and apply it in their interactions with the real world. In an interview with the Guardian newspaper in May 2015, Professor Geoff Hinton, an expert in artificial neural networks, said Google is “on the brink of developing algorithms with the capacity for logic, natural conversation and even flirtation.” Google is currently working to encode thoughts as vectors described by a sequence of numbers. These “thought vectors” could endow AI systems with a human-like “common sense” within a decade.
- 11/07/2018
- 8
Nostalgia: The Biggest Obstacle to Innovation in Finance
People will always need banking, but clearly no longer needs banks. The first time I heard that was in 2015 and I thought it sounded clever. Now three years later, we are seeing the banking paradigm visibly crack.
- 10/07/2018
- 5
Women In Fintech: Good For Business
“The Importance of Gender Parity on Fintech Teams" was a vibrant discussion by Breaking Bank’s Brett King, Jason Henrichs with guests Anouska Streets, Head of Engineering at FINkit and Colleen Wilson, Founder and CEO of Collaborate Chicago.
- 10/07/2018
- 8
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