As I said before here in Luxembourg, I think it would be true to say that we are more concerned about the security of our identity and privacy accross the internet and that this situation must be resolved first. This we are working on and I believe it is very important for Europe (the UK included)!!
17 Feb 2016 13:43 Read comment
We think that this could only work if the client were in control of what data can be disributed which is far from the situation at present. To be followed with caution as far as we are concerned! MFTSE Affairs S.A.
09 Feb 2016 20:43 Read comment
And I thought that the Germans had difficulty with the virtual world let alone transhumanism. Where are the governments and lawers / regulators on the issues??
08 Dec 2015 06:50 Read comment
Some good comments and points of view. I believe that regulaton is essential. It is the equivalent of our police force and we all know that there are differences in the qualtity of security around the world! So go where the peace makers are innovative and where they work with you to make a better, safer world.
20 Nov 2015 05:14 Read comment
The only way to solve this is to have modern regulators that nurture innovation rather than killing it!!
18 Nov 2015 09:43 Read comment
Do they know that there is a new European Cloud being developped??
18 Nov 2015 09:38 Read comment
It seem the new ownres could not handle the reputational risk let alone the losses!
16 Oct 2015 12:49 Read comment
Oh dear is this what happens when there is no proper regulation and external audit? How did this escape the auditors and due diligence. Bad mistakes like this could destroy the market. MFTSE Affairs S.A.
16 Oct 2015 11:01 Read comment
Not surprisingly banks are already starting to join the crowdfunding and person to person markets. Clive Munn, MFTSE Affairs S.A.
16 Oct 2015 05:52 Read comment
Hi Laurence, You say you "find that bankers are also interested in a wide set of opinions and predictions" I think that this is the norm because there are few professions that are so diversified in their expertise and experience, perhaps accounting is to some extent similar as a service industry to others. A career in IT can provide wide diversity of course but digitalising or providing a tool for a specific function does not, in my opinion, mean that you can replace the person or function that you have managed to computerise.
You are right that for hundreds of years the customer hasn't really been in control of the relationship and that this is changing fast, just as politics is changing ad the public must, in my view, take more control or have more influence. As regards the window for financial services organisations to get their house in order, I am not sure it is so finite. Customers will and are already finding other ways - a close friend recently took out a zopa loan for example. IT is however serving both banking and the new innovative ideas but banks have the dual opportunity of being innovative themselves (which they must be) or following, joining or even taking over such innovations like Virgin Money for example.
Therefore "The Bank You Know Today Will Disappear" is, for me, an overstatement. Clearly banks will and are changing. They also have a lot of wounds to heal but as is often the case after a crisis, I believe they will emerge stronger than before in terms of fulfilling their role as service organisations and this with the help of the IT industry.
“The digital evolution – As technology transforms financial services who will triumph”
In short I don't believe there is a competition here. Both Financial Services and IT will triumph for the new innovations and we can move forward bringing financial aid to the unbanked, the poor, environmental change etc., winning by sharing and thereby boosting the world economy.
12 Sep 2015 09:50 Read comment
Disruption in Retail Banking
Financial Risk Management
Financial Services Regulation
Konstantinos PerrosBusiness Consultant at Plivios
Colin HarperBusiness Consultant at HPS Ltd
Bartlomiej SzymanskiBusiness Consultant at Ailleron
Mustafa AliBusiness Consultant at Tietoevry
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