Futurism: Envisioning and designing the future.
QUOTES THOUGHTS INSIGHTS
If something can be predicted with 100% accuracy … is it then really in ‘The Future’ … are the words in a book in ‘the future’ just because you haven’t read them yet … ?
“Understanding relationships gives one the ability to make predictions, to see what others cannot.” Toby Unwin, Premonition.ai
Prediction is another key to Disruption. Being able to understand relationships is profoundly important, it may be the Master key to unlock every other door. Every single thing in business operates in relationship to everything else. Understanding how, and why, gives one the ability to predict the future. Changing how, and why, gives one the ability to create the future. This is why Ai is the future. FINTMIND.
“With regards to the future of Banking services, more players than today, that’s for sure. Telcos, tech companies, banks, all trying to get a foothold in the space. Everyone will compete to have the client relationship. Fintmind: Interesting… the client relationship… …That’s the final piece of the pipeline … of the infrastructure … The brands delivering the service, from the client perspective… Anders: Apple, Google, they will probably enter financial services… Amazon as well. It’s a natural way of monetising on the client base they have. We will see Telecoms companies offering banking services, mobile phone operators, Samsung, for example. Traditional perceptions of what a bank is are changing. A lot.” Anders la Cour, CEO, Saxo Payments
“People are slow to change who they bank with… but the way they will interact with banks in the future will be very different from how it is done today. People are starting to use a lot of different services, fragmented services… they’ll pay friends by Facebook, send overseas transfers by Transferwise or Azimo, they’ll use a digitised wealth management platform for their savings, and so on. It’s a fragmented landscape. There’s going to be a lot of competition from the Banks as soon as the challengers get up to speed… the incumbents are more aware of what’s happening but they’re still developing how they will respond … I expect most people will still have their mortgage with a Bank… It’s not about switching Banks… it’s about switching services… changing service provider.” Anders la Cour, CEO, Saxo Payments
“The client relationships are changing, becoming much less fixed. Digital relationships are easier to switch, to change, to replace, to move, it’s all about the agility the business has to change services to meet customer demands. Challengers come in and identify specialist areas, how then does a Bank fragment its services without without fragmenting itself?” Anders la Cour, CEO, Saxo Payments
“It’s completely impossible to predict 50 years. Impossible.” Anders la Cour, CEO, Saxo Payments
“Sometimes it’s easier to engineer the future than to predict it.” Fintmind
“The key factors in financial technology markets that make it such an exciting place to do business are changing tech, changing consumer preferences, and regulation.” Tony Craddock, Emerging Payments Awards