SlideShare a Scribd company logo

Can Silicon Valley disrupt banking? - IgniteLDN4

Slides for my 5 minute ignite talk on banking.

1 of 20
Download to read offline
Can Silicon Valley/Roundabout/any other geographic location where technology companies live, disrupt the world of banking?,[object Object],http://www.flickr.com/photos/ad76/5117310643,[object Object]
Can Silicon Valley disrupt banking? - IgniteLDN4
Can Silicon Valley disrupt banking? - IgniteLDN4
http://www.bbc.co.uk/wales/music/sites/how-to/pages/get-started_01.shtml,[object Object]
Can Silicon Valley disrupt banking? - IgniteLDN4
Can Silicon Valley disrupt banking? - IgniteLDN4

Recommended

Creative Thinking:How to get out of the box and generate ideas
Creative Thinking:How to get out of the box and generate ideasCreative Thinking:How to get out of the box and generate ideas
Creative Thinking:How to get out of the box and generate ideasManisha Shrivastava
 
Mobile apps for your sale
Mobile apps for your saleMobile apps for your sale
Mobile apps for your saleWhalla Labs
 
Game Based Learning Part Ii
Game Based Learning Part IiGame Based Learning Part Ii
Game Based Learning Part IiKaren Brooks
 
Rice University Advertising Spring 2010
Rice University Advertising Spring 2010Rice University Advertising Spring 2010
Rice University Advertising Spring 2010Ed Schipul
 
How To Create A Twitter Account
How To Create A Twitter AccountHow To Create A Twitter Account
How To Create A Twitter AccountPortfolio
 

More Related Content

What's hot

Forming the Digital Generation
Forming the Digital GenerationForming the Digital Generation
Forming the Digital GenerationCaroline Cerveny
 
FolioSpaces top 30 eLearning tools
FolioSpaces top 30 eLearning toolsFolioSpaces top 30 eLearning tools
FolioSpaces top 30 eLearning toolsFolioSpaces
 
Gamify Entertainment
Gamify EntertainmentGamify Entertainment
Gamify EntertainmentVolker Hirsch
 
Things i’m thankful for
Things i’m thankful forThings i’m thankful for
Things i’m thankful forM0nkeyshine
 
Cil09PowerPointVersion
Cil09PowerPointVersionCil09PowerPointVersion
Cil09PowerPointVersionBeth Tribe
 
Radar Lowe N.1
Radar Lowe N.1Radar Lowe N.1
Radar Lowe N.1LoweLisboa
 
Things i am thankful for
Things i am thankful forThings i am thankful for
Things i am thankful forMrsLOnlineA2011
 
Historia de la publicidad
Historia de la publicidadHistoria de la publicidad
Historia de la publicidadIván Torres
 
Pedro Fonseca - Ignite Portugal - 12 novembro
Pedro Fonseca - Ignite Portugal - 12 novembroPedro Fonseca - Ignite Portugal - 12 novembro
Pedro Fonseca - Ignite Portugal - 12 novembroPedro Fonseca
 
Nerd Presentations are Boring
Nerd Presentations are BoringNerd Presentations are Boring
Nerd Presentations are Boringah_livia
 
Leer mas alla de los textos
Leer mas alla de los textosLeer mas alla de los textos
Leer mas alla de los textosnedacu
 
Dell CIO Rally 2015
Dell CIO Rally 2015Dell CIO Rally 2015
Dell CIO Rally 2015Darwin Gosal
 
Mind-Opening Infographics
Mind-Opening InfographicsMind-Opening Infographics
Mind-Opening InfographicsOscar Berg
 

What's hot (16)

Forming the Digital Generation
Forming the Digital GenerationForming the Digital Generation
Forming the Digital Generation
 
FolioSpaces top 30 eLearning tools
FolioSpaces top 30 eLearning toolsFolioSpaces top 30 eLearning tools
FolioSpaces top 30 eLearning tools
 
Gamify Entertainment
Gamify EntertainmentGamify Entertainment
Gamify Entertainment
 
Social Media Training Jon Worth PART 1 14 Jan 2011
Social Media Training Jon Worth PART 1 14 Jan 2011Social Media Training Jon Worth PART 1 14 Jan 2011
Social Media Training Jon Worth PART 1 14 Jan 2011
 
Things i’m thankful for
Things i’m thankful forThings i’m thankful for
Things i’m thankful for
 
Cil09PowerPointVersion
Cil09PowerPointVersionCil09PowerPointVersion
Cil09PowerPointVersion
 
Cil09
Cil09Cil09
Cil09
 
Radar Lowe N.1
Radar Lowe N.1Radar Lowe N.1
Radar Lowe N.1
 
Online id
Online idOnline id
Online id
 
Things i am thankful for
Things i am thankful forThings i am thankful for
Things i am thankful for
 
Historia de la publicidad
Historia de la publicidadHistoria de la publicidad
Historia de la publicidad
 
Pedro Fonseca - Ignite Portugal - 12 novembro
Pedro Fonseca - Ignite Portugal - 12 novembroPedro Fonseca - Ignite Portugal - 12 novembro
Pedro Fonseca - Ignite Portugal - 12 novembro
 
Nerd Presentations are Boring
Nerd Presentations are BoringNerd Presentations are Boring
Nerd Presentations are Boring
 
Leer mas alla de los textos
Leer mas alla de los textosLeer mas alla de los textos
Leer mas alla de los textos
 
Dell CIO Rally 2015
Dell CIO Rally 2015Dell CIO Rally 2015
Dell CIO Rally 2015
 
Mind-Opening Infographics
Mind-Opening InfographicsMind-Opening Infographics
Mind-Opening Infographics
 

Viewers also liked

Url de todos sites principal
Url de todos sites principalUrl de todos sites principal
Url de todos sites principalYuri Barros
 
Useful websites
Useful websitesUseful websites
Useful websitesm55mick
 
Radar #2
Radar #2Radar #2
Radar #2Lintas
 
I pad, itouch
I pad, itouchI pad, itouch
I pad, itouchrmck
 
Innovation online workshop ideas
Innovation online workshop ideasInnovation online workshop ideas
Innovation online workshop ideasFiona Beal
 
Professional Learning Network
Professional Learning NetworkProfessional Learning Network
Professional Learning Networktechiesue
 

Viewers also liked (7)

Url de todos sites principal
Url de todos sites principalUrl de todos sites principal
Url de todos sites principal
 
Bigumigu SMW İstanbul Sunumu
Bigumigu SMW İstanbul SunumuBigumigu SMW İstanbul Sunumu
Bigumigu SMW İstanbul Sunumu
 
Useful websites
Useful websitesUseful websites
Useful websites
 
Radar #2
Radar #2Radar #2
Radar #2
 
I pad, itouch
I pad, itouchI pad, itouch
I pad, itouch
 
Innovation online workshop ideas
Innovation online workshop ideasInnovation online workshop ideas
Innovation online workshop ideas
 
Professional Learning Network
Professional Learning NetworkProfessional Learning Network
Professional Learning Network
 

Recently uploaded

Artificial Intelligence - AI For Everyone
Artificial Intelligence - AI For EveryoneArtificial Intelligence - AI For Everyone
Artificial Intelligence - AI For EveryoneSridhar Seshadri
 
Transcript: Trending now: Book subjects on the move in the Canadian market - ...
Transcript: Trending now: Book subjects on the move in the Canadian market - ...Transcript: Trending now: Book subjects on the move in the Canadian market - ...
Transcript: Trending now: Book subjects on the move in the Canadian market - ...BookNet Canada
 
AI-Plugins-Planners-Persona-SemanticKernel.pptx
AI-Plugins-Planners-Persona-SemanticKernel.pptxAI-Plugins-Planners-Persona-SemanticKernel.pptx
AI-Plugins-Planners-Persona-SemanticKernel.pptxUdaiappa Ramachandran
 
Establishing data sharing standards to promote global industry development
Establishing data sharing standards to promote global industry developmentEstablishing data sharing standards to promote global industry development
Establishing data sharing standards to promote global industry developmentThorsten Huelsmann
 
Learning About GenAI Engineering with AWS PartyRock [AWS User Group Basel - F...
Learning About GenAI Engineering with AWS PartyRock [AWS User Group Basel - F...Learning About GenAI Engineering with AWS PartyRock [AWS User Group Basel - F...
Learning About GenAI Engineering with AWS PartyRock [AWS User Group Basel - F...Chris Bingham
 
ChatGPT's Code Interpreter: Your secret weapon for SEO automation success - S...
ChatGPT's Code Interpreter: Your secret weapon for SEO automation success - S...ChatGPT's Code Interpreter: Your secret weapon for SEO automation success - S...
ChatGPT's Code Interpreter: Your secret weapon for SEO automation success - S...SearchNorwich
 
Why Disability Justice should be at the core of your digital accessibility jo...
Why Disability Justice should be at the core of your digital accessibility jo...Why Disability Justice should be at the core of your digital accessibility jo...
Why Disability Justice should be at the core of your digital accessibility jo...Modality Co
 
MuleSoft Online Meetup Group - B2B Crash Course: PM Insider Lecture
MuleSoft Online Meetup Group - B2B Crash Course: PM Insider LectureMuleSoft Online Meetup Group - B2B Crash Course: PM Insider Lecture
MuleSoft Online Meetup Group - B2B Crash Course: PM Insider LectureManik S Magar
 
Q4 2023 Quarterly Investor Presentation - FINAL.pdf
Q4 2023 Quarterly Investor Presentation - FINAL.pdfQ4 2023 Quarterly Investor Presentation - FINAL.pdf
Q4 2023 Quarterly Investor Presentation - FINAL.pdfTejal81
 
Centralized TLS Certificates Management Using Vault PKI + Cert-Manager
Centralized TLS Certificates Management Using Vault PKI + Cert-ManagerCentralized TLS Certificates Management Using Vault PKI + Cert-Manager
Centralized TLS Certificates Management Using Vault PKI + Cert-ManagerSaiLinnThu2
 
Trending now: Book subjects on the move in the Canadian market - Tech Forum 2024
Trending now: Book subjects on the move in the Canadian market - Tech Forum 2024Trending now: Book subjects on the move in the Canadian market - Tech Forum 2024
Trending now: Book subjects on the move in the Canadian market - Tech Forum 2024BookNet Canada
 
How We Grew Up with CloudStack and its Journey – Dilip Singh, DataHub
How We Grew Up with CloudStack and its Journey – Dilip Singh, DataHubHow We Grew Up with CloudStack and its Journey – Dilip Singh, DataHub
How We Grew Up with CloudStack and its Journey – Dilip Singh, DataHubShapeBlue
 
AI improves software testing to be more fault tolerant, focused and efficient
AI improves software testing to be more fault tolerant, focused and efficientAI improves software testing to be more fault tolerant, focused and efficient
AI improves software testing to be more fault tolerant, focused and efficientKari Kakkonen
 
Communities, networking and developer culture
Communities, networking and developer cultureCommunities, networking and developer culture
Communities, networking and developer cultureRavi Sanghani
 
Geospatial Synergy: Amplifying Efficiency with FME & Esri
Geospatial Synergy: Amplifying Efficiency with FME & EsriGeospatial Synergy: Amplifying Efficiency with FME & Esri
Geospatial Synergy: Amplifying Efficiency with FME & EsriSafe Software
 
Key projects in AI, ML and Generative AI
Key projects in AI, ML and Generative AIKey projects in AI, ML and Generative AI
Key projects in AI, ML and Generative AIVijayananda Mohire
 
Improving IT Investment Decisions and Business Outcomes with Integrated Enter...
Improving IT Investment Decisions and Business Outcomes with Integrated Enter...Improving IT Investment Decisions and Business Outcomes with Integrated Enter...
Improving IT Investment Decisions and Business Outcomes with Integrated Enter...Cprime
 
CloudStack 101: The Best Way to Build Your Private Cloud – Rohit Yadav, VP Ap...
CloudStack 101: The Best Way to Build Your Private Cloud – Rohit Yadav, VP Ap...CloudStack 101: The Best Way to Build Your Private Cloud – Rohit Yadav, VP Ap...
CloudStack 101: The Best Way to Build Your Private Cloud – Rohit Yadav, VP Ap...ShapeBlue
 
Microsoft x 2toLead Webinar Session 1 - How Employee Communication and Connec...
Microsoft x 2toLead Webinar Session 1 - How Employee Communication and Connec...Microsoft x 2toLead Webinar Session 1 - How Employee Communication and Connec...
Microsoft x 2toLead Webinar Session 1 - How Employee Communication and Connec...2toLead Limited
 

Recently uploaded (20)

Artificial Intelligence - AI For Everyone
Artificial Intelligence - AI For EveryoneArtificial Intelligence - AI For Everyone
Artificial Intelligence - AI For Everyone
 
Transcript: Trending now: Book subjects on the move in the Canadian market - ...
Transcript: Trending now: Book subjects on the move in the Canadian market - ...Transcript: Trending now: Book subjects on the move in the Canadian market - ...
Transcript: Trending now: Book subjects on the move in the Canadian market - ...
 
AI-Plugins-Planners-Persona-SemanticKernel.pptx
AI-Plugins-Planners-Persona-SemanticKernel.pptxAI-Plugins-Planners-Persona-SemanticKernel.pptx
AI-Plugins-Planners-Persona-SemanticKernel.pptx
 
Establishing data sharing standards to promote global industry development
Establishing data sharing standards to promote global industry developmentEstablishing data sharing standards to promote global industry development
Establishing data sharing standards to promote global industry development
 
Learning About GenAI Engineering with AWS PartyRock [AWS User Group Basel - F...
Learning About GenAI Engineering with AWS PartyRock [AWS User Group Basel - F...Learning About GenAI Engineering with AWS PartyRock [AWS User Group Basel - F...
Learning About GenAI Engineering with AWS PartyRock [AWS User Group Basel - F...
 
ChatGPT's Code Interpreter: Your secret weapon for SEO automation success - S...
ChatGPT's Code Interpreter: Your secret weapon for SEO automation success - S...ChatGPT's Code Interpreter: Your secret weapon for SEO automation success - S...
ChatGPT's Code Interpreter: Your secret weapon for SEO automation success - S...
 
Why Disability Justice should be at the core of your digital accessibility jo...
Why Disability Justice should be at the core of your digital accessibility jo...Why Disability Justice should be at the core of your digital accessibility jo...
Why Disability Justice should be at the core of your digital accessibility jo...
 
MuleSoft Online Meetup Group - B2B Crash Course: PM Insider Lecture
MuleSoft Online Meetup Group - B2B Crash Course: PM Insider LectureMuleSoft Online Meetup Group - B2B Crash Course: PM Insider Lecture
MuleSoft Online Meetup Group - B2B Crash Course: PM Insider Lecture
 
Q4 2023 Quarterly Investor Presentation - FINAL.pdf
Q4 2023 Quarterly Investor Presentation - FINAL.pdfQ4 2023 Quarterly Investor Presentation - FINAL.pdf
Q4 2023 Quarterly Investor Presentation - FINAL.pdf
 
Centralized TLS Certificates Management Using Vault PKI + Cert-Manager
Centralized TLS Certificates Management Using Vault PKI + Cert-ManagerCentralized TLS Certificates Management Using Vault PKI + Cert-Manager
Centralized TLS Certificates Management Using Vault PKI + Cert-Manager
 
Trending now: Book subjects on the move in the Canadian market - Tech Forum 2024
Trending now: Book subjects on the move in the Canadian market - Tech Forum 2024Trending now: Book subjects on the move in the Canadian market - Tech Forum 2024
Trending now: Book subjects on the move in the Canadian market - Tech Forum 2024
 
How We Grew Up with CloudStack and its Journey – Dilip Singh, DataHub
How We Grew Up with CloudStack and its Journey – Dilip Singh, DataHubHow We Grew Up with CloudStack and its Journey – Dilip Singh, DataHub
How We Grew Up with CloudStack and its Journey – Dilip Singh, DataHub
 
AI improves software testing to be more fault tolerant, focused and efficient
AI improves software testing to be more fault tolerant, focused and efficientAI improves software testing to be more fault tolerant, focused and efficient
AI improves software testing to be more fault tolerant, focused and efficient
 
Communities, networking and developer culture
Communities, networking and developer cultureCommunities, networking and developer culture
Communities, networking and developer culture
 
Sue Loth: Job Search Strategies using personal connections
Sue Loth: Job Search Strategies using personal connectionsSue Loth: Job Search Strategies using personal connections
Sue Loth: Job Search Strategies using personal connections
 
Geospatial Synergy: Amplifying Efficiency with FME & Esri
Geospatial Synergy: Amplifying Efficiency with FME & EsriGeospatial Synergy: Amplifying Efficiency with FME & Esri
Geospatial Synergy: Amplifying Efficiency with FME & Esri
 
Key projects in AI, ML and Generative AI
Key projects in AI, ML and Generative AIKey projects in AI, ML and Generative AI
Key projects in AI, ML and Generative AI
 
Improving IT Investment Decisions and Business Outcomes with Integrated Enter...
Improving IT Investment Decisions and Business Outcomes with Integrated Enter...Improving IT Investment Decisions and Business Outcomes with Integrated Enter...
Improving IT Investment Decisions and Business Outcomes with Integrated Enter...
 
CloudStack 101: The Best Way to Build Your Private Cloud – Rohit Yadav, VP Ap...
CloudStack 101: The Best Way to Build Your Private Cloud – Rohit Yadav, VP Ap...CloudStack 101: The Best Way to Build Your Private Cloud – Rohit Yadav, VP Ap...
CloudStack 101: The Best Way to Build Your Private Cloud – Rohit Yadav, VP Ap...
 
Microsoft x 2toLead Webinar Session 1 - How Employee Communication and Connec...
Microsoft x 2toLead Webinar Session 1 - How Employee Communication and Connec...Microsoft x 2toLead Webinar Session 1 - How Employee Communication and Connec...
Microsoft x 2toLead Webinar Session 1 - How Employee Communication and Connec...
 

Can Silicon Valley disrupt banking? - IgniteLDN4

  • 1.
  • 4.
  • 7.
  • 13.
  • 14.
  • 15.
  • 16.
  • 18.

Editor's Notes

  1. I am an Innovation Technician for a bank. This basically means I look at new technologies and trends to see how they could apply to retail banking. I am fascinated by how the technological changes we are seeing today will impact the world of banking and I think 2011 will be a very interesting year.*******************
  2. This is my 7 month old son holding some financial tools that he will never own or use. Cheques will be obsolete by 2018 and you need to be 13 to get a debit card. If in 2024 we are still using rectangular pieces of plastic something has gone horribly wrong.
  3. Now it could be said that our investment banking brothers have been a little bit too innovative over the last few years, leading to the financial meltdown. With customer confidence in banks at an all time low then a big opportunity arises.
  4. Smart tech companies know this. Can the technology and design behind the biggest web companies today, be utilised to change the way people use, interact and manage their money?
  5. Banks operate huge complex networks that span the globe. These networks allow money to move between institutions and process complex things like fraud checks & anti money laundering. At the edges people can interact with the banking network via cash machines and via another huge powerful global network…
  6. …the internet. It is in almost every household and increasingly in everyones hand. The two networks have integrated for things like online banking but I think we will see them become increasingly interwoven over the coming years. The large changes we are seeing on the web brought about by the rise of social and mobile will change what people expect from their banks.
  7. Now I have a theory that people are more willing to share details of their sex lives than their financial lives. But We are starting to see some changes in this behaviour through services that aim to make the sharing of financial information beneficial.
  8. Blippy a social network built around sharing your purchases. It links to your credit card and your purchases are published for all to see. AndSmartypig is a social savings company that allows you to publish your savings goals and progress towards them. People in your social networks can also contribute should they so desire.
  9. We have peer to peer lending via companies like Zopa. Which allows you to lend money to and from other individuals. Instead of lending from an institution. Mint has shown how to visualise your money in a much better way than the banks. They also allow people to set budgets, customised alerts and a whole host of useful functionality lacking from most banks online capabilities.
  10. And now we are seeing someone try to build a web 2.0 bank.BankSimple launches this year in the US. They are on a mission to take the complexity out of banking. built for the web including mobile and they will even have APIs. I am geekily excited this although it will be US only to start with…boo.
  11. So what about mobile? We are slowly starting to see more UK banks bring out iPhone apps like the recently launched first direct app. But mobile apps are not really that innovative. The more interesting thing about mobiles and banking is what the device will become.
  12. This is Square another US startup. Which allows you to take payments via iphone with an extra bit of plastic to read the card. So you can take card payments where ever you are. But adding bits of plastic to your phone to take and make payments will seem twee in the very near future.
  13. This is the Barclays Waterslide advert. The ad is for contactless card technology this allows you to buy things without inserting your card into a slot. So if you don’t have to insert it into a slot why on earth do we need rectangular pieces of plastic anymore? Contactless technology allows payments devices to move inside mobile phones…
  14. This was the very exciting moment (for a bank geek like me) in November last year when Eric Schmidt of Google said this is our new phone and it has NFC. NFC stands for near field communication and is a two way communication technology that brings contactless payments to phones and will change the way we pay for things in the future.
  15. Tap a terminal or another phone to pay. With the mobile as a payment device the two networks become closer than they have ever been before. It will become a two way exchange of data.For example allowing receipts to pass to the phone and the phone to pass extra data such as geolocation. This will be huge.
  16. Now all this innovation and disruption could be seen as an attack on the banks…But I think it represents an equally big opportunity to them. They have the infrastructure that all these tech companies need to interact with money. The banks have the chance to weave themselves into these new systems. Instead of trying to defend against them…they should embrace them.
  17. What we need are APIs andautomated ways to interact with and share data between services and enable banking to become a platform that can be built upon. This could accelerate innovation while still ensuring the banks have a role to play. Because who is going to want to rebuild fraud or anti money laundering processes?
  18. If the banks don’t allow easier access then tech companies might use their own currencies. These are Facebook credits introduced for the purchase of virtual goods. What if this currency made the leap offline and retailers started to accept it? if just 65% of Cityville players used credits that would be more than the users of the great british pound.
  19. So we are seeing lots of innovation but forthese inititatives to go mainstream they have a tough battle. This graph shows the number of visa and mastercard transactions vs PayPal. 5 trillion vs 86 billion. But are PayPal much better placed with the rise of the social and mobile web?
  20. We are seeing a huge amount of change in the world of finance online. We are not quite at the Napster or Kazaa point that the music industry faced mainly because of the value and dependencies on the bank network. So in summary yes I think the tech companies will disrupt,challenge and ensure the banks evolve and I am excited to see just how much they can. Cheers.