09 Nov3 thoughts on Payments, Amazon and Swiss start-up Sonect? Stuff worth knowing from The Bankers’ Plumber

“Disruption” is one of several trendy terms around the finance business. AI is going to disrupt this, FinTech is going to disrupt that and Blockchain or DLT is going to disrupt it all. The term also tends to be used in reference to an outsider coming in to upset the status quo and the incumbents. […]

Read More ...

23 OctAre jobs in banking disappearing for ever? Stuff worth knowing from The Bankers’ Plumber

The robots are coming; banking jobs will be wiped out! That would be the simple conclusion from recent headlines. See: ex Citi CEO Pandit, Cryan at DB, Ermotti at UBS. This week’s post is a more nuanced analysis of what is going on. It is inspired by two things: firstly, a wonderful presentation by Michael […]

Read More ...

02 Oct4 thoughts on Smart Contracts. Stuff worth knowing from The Bankers’ Plumber

“Smart contracts” are another “in” term used in the same space as Blockchain and DLT. What are they? The theory has it that the Blockchain enables the terms of an agreement between two parties to be so well captured and enshrined in an electronic agreement, that over the lifecycle of the instrument, all the things […]

Read More ...

22 Sep5 things I learned this week about DLT, Blockchain & Crypto. Stuff worth knowing from The Bankers’ Plumber

This week a short tour de horizon of news that will, I hope, point the way forward and help you make sense of what is happening in the digital space. All comments and feedback really welcome. Is a weekly “5 things I learned” useful or not? Or a longer piece on a specific topic? Please […]

Read More ...

12 SepHe who aggregates data wins. Stuff worth knowing from The Bankers’ Plumber

Mastering data is difficult. You could easily get lost amongst the buzzwords; digital, pull, Big Data, APIs, PSD 2. In a recent post, I commented on the need for financial services firms to think beyond the must do regulatory stuff of PSD 2 which forces them to open up their data for third parties to […]

Read More ...

05 SepThe data dog and the IT tail. Stuff worth knowing from The Bankers’ Plumber

Data is not an IT problem. Data is a business problem. Business is the dog and IT is the tail. Sure it is, you might say, but do things work the right way in your shop? I bet not. Experience from the University of Life (First Class Honours) and the School of Hard Knocks (Summa […]

Read More ...

29 AugData quality issues really hurt banks. Stuff worth knowing from The Bankers’ Plumber

Data quality is either the root of all evil or the fountain of all good. My view is that 80% of the time, evil wins. Data quality is not just a challenge for the big behemoth banks, it is even a challenge for new businesses that thrive on new technology, practice all things Lean & […]

Read More ...

15 AugThere’s something about liquidity in banks. Stuff worth knowing from The Bankers’ Plumber

Liquidity & Capital; two well known quantities which banks need to manage. That they have some cost is not news and not worth sharing. What I hope is worth sharing is a view of just how expensive those things are and what banks need to do to manage that expense. This week’s post pulls together […]

Read More ...

10 JulDigital gone wrong in medical insurance. Messing up the channels. Stuff worth knowing from The Bankers’ Plumber

Create an App, go Digital. Simples. Everybody is doing it. A recent experience of dealing with my medical insurance here in Switzerland proves just the opposite. I hope readers will share their examples of “digital gone wrong”. Swiss practice is that you do your own insurance; there is no such thing as company medical. Since […]

Read More ...

25 JunDigital gone wrong at Credit Suisse. Messing up the basics. Stuff worth knowing from The Bankers’ Plumber

Trying to wrap up change efforts with the word “digital” will not help you make a silk purse out of a pig’s ear of a process. In some recent client work, I had the pleasure of working with two whip smart young men who showed some real talent at investigating data and identifying issues. As […]

Read More ...